The time is running out for Britain

The time is running out for Britain

Brexit shall be over at the midnight on December 21st, 2020. But there are some un-dealt areas of how Britain will operate on a global scale from the first day of 2021. For instance, British ports are now jammed with cargoes rushing to arrive and depart before January 1st, 2021. On that date, port officials will be overwhelmed with thousands of customs declarations, as the UK leaves the EU, obviously, without having a deal on special conditions of cargoes shipped by sea. For instance, one of the ports owned by the UK is Felixstowe, and it was already named the world’s least efficient one (it mostly deals with Chinese goods). Now things will even deteriorate, making hundreds of shipping companies choose other ports on the global scale, whilst hundreds of businesses in the UK will suffer or close for good because they will have large postponement in their sea shipments.

There are also other points, in addition to sea shipment, the consensus on which hasn’t been reached over the years of negotiations. British officials say they aren’t prolonging those negotiations any further. If that’s the case, the UK will depart from the EU on the general trade conditions for the rest of the world – for all points that were not agreed upon during negotiations. This will cause disruption in many supply chains.