A letter by the British Communities Secretary’s to the Treasury reveals Britain’s Brexit preparedness. Britain is scheduled to leave the EU on March 29, 2019.
Britain’s Chancellor of the Exchequer Philip Hammond has been accused by his cabinet colleagues of failing to release funds required to prepare Britain for a no-deal Brexit deal.
British Communities Secretary James Brokenshire has written to the Treasury stating his department was given less than 50% of the required funds, to help prepare councils for Brexit. He has so far received only 35 million pounds – less than 50% of what he had requested.
The Telegraph newspaper also reported, without mentioning the specific name of the department, that another department of the government had made a similar complaint on Hammond.
According to Brokenshire, his department does not have enough funds to prepare for the time when Britain leaves the EU, with or without a deal.
Categories: Creativity, Economy & Finance, Entrepreneurship, Geopolitics, HR & Organization, Regulations & Legal, Strategy, Sustainability
Leave a comment