Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

25 January 2019

The Guardian: French firms with UK ties told to look for alternatives as Brexit looms


French businesses working with British contractors or suppliers should now be actively seeking out alternatives, the French government has said, as it further ramped up preparations for a no-deal Brexit that it sees as increasingly likely.

“Let’s not panic, but let’s prepare for different scenarios,” the Europe minister, Nathalie Loiseau, said on Friday as she unveiled a 28-page booklet for companies with British ties, which advises them to adopt the UK’s wartime motto and “keep calm and carry on”.

Companies reliant on UK business partners should explore other options outside Britain, while those with UK-based operations in specific EU-regulated sectors such as pharmaceuticals should think about moving them to the continent, the guidance says

Last week France triggered a €50m (£44m) plan for no-deal after the UK parliament overwhelmingly rejected Theresa May’s proposed deal. The French prime minister, Edouard Philippe, said there were now “strong fears” that Britain could crash out of the EU without a deal on 29 March.

The government authorised new infrastructure spending on border checkpoints, roads, lorry parks and warehousing at ports and airports and is hiring 750 extra staff, including customs officials and veterinary and standards inspectors, to carry out checks on goods, livestock and food products.

Agnès Pannier-Runacher, the junior economy and finance minister, said on Friday that France was “hoping for the best but planning for the worst”, and that no-deal would plunge the country into an “unprecedented situation with a major trading partner”.

The risk of no deal had “significantly increased”, she said. “There is absolutely no time left to lose for these companies. The countdown has well and truly started.” [...]

Full article on The Guardian



© The Guardian


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment