Business secretary hosts Brexit readiness talks

Business secretary Andrea Leadsom has held her first Brexit roundtable to discuss Brexit readiness among businesses. Representatives from businesses including Tate and Lyle Sugars, JML Group, Laing O’Rourke and Scottish Power all confirmed their readiness and confidence post-Brexit, and while there were some concerns about readiness for a no-deal Brexit, none of the issues were considered insurmountable.

"We are stepping up a gear and increasing the pace of our preparations as we get ready to leave the EU on 31 October," Leadsom said.

"The businesses I met with agreed that we must take advantage of the opportunities that lie ahead: in innovation, new AI technologies, clean growth and the extraordinary scientific advances in which Britain is already leading the way. They also spoke about the benefits of doing away with certain EU red tape that has a strangle hold on productivity."

Leadsom said the government's preparations for no-deal will now be "more open than ever", which she hoped would help businesses seize the myriad opportunities ahead.

With that in mind, Leadsom's office issued a number of tips for businesses preparing for Brexit, including applying for a UK Economic Operator Registration and Identification (EORI) number to continue to trade with the EU at; checking regulatory requirements for EU markets, including labelling, approvals and testing; and checking tariffs that may apply to your goods and consider using duty relief schemes.

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