British Cabinet leaked note: ‘The UK is not prepared for’ no deal-Brexit ”

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The United Kingdom is not nearly ready for a Brexit without a deal, the cabinet states in a confidential note leaked out to the Financial Times (FT).

Ministers are warned in the memorandum that it takes “at least four to five months” to get border controls in order so that cross-border trade is not impeded in a no-deal scenario.

The memorandum also shows that officials consider using “financial incentives” to encourage exporters and importers to register for new schemes.

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