U.K. Government to Cancel No-Deal Brexit Ferry Contracts | Forex Factory

  • U.K. Government to Cancel No-Deal Brexit Ferry Contracts

    From bnnbloomberg.ca

    The U.K. government has canceled contracts it signed to secure additional ferry capacity in the event of a no-deal Brexit, according to a person familiar with the matter. The ferry contracts were meant to guard against shortages of key items like medicines and spare parts for the energy sector and essential chemicals if the U.K. left the European Union without an agreement. But the government has been plagued with problems over their terms and implementation. In February, the department scrapped a 13.8 million-pound ($18 million) deal with Seaborne Freight, which had no ships and no trading history, after the company ... (full story)

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NotAtrader
May 1, 2019 6:16am
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Quoting Ghass1234
what does this news add ?
It can mean three things.

1: Preparing to cancel the Brexit.
2: There’s no possibility of No-deal Brexit whatsoever.
2: Preparing to cancel the U.K.
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Lamplighter
May 1, 2019 6:23am
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Truth be told, as the Brexit process has dragged on and on, and now with an extension to October 2019 - suppliers have filled their warehouses to bursting, so no further need for emergency provisions.
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Ghass1234
May 1, 2019 6:03am
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what does this news add ?
Reply
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