(C) Reuters. Michael Gove arrives at Downing Street in London
LONDON (Reuters) – Britain will spend 705 million pounds ($890 million) on border infrastructure to help keep trade flowing after its transition deal with the European Union expires at the end of the year, Cabinet Secretary Michael Gove said on Sunday.
The funding includes 470 million pounds to build port and inland infrastructure, including in the south-east of England to serve major freight crossings to France.
“There will be specific pieces of infrastructure that we put in place in order to smooth the flow of traffic,” Gove told the BBC’s Andrew Marr.
Britain, which is still in talks with the European Union about a post-Brexit trade deal, said it would shortly set out in detail how the British-EU border would operate.
Gove’s cabinet colleague International Trade Secretary Liz Truss, in a leaked letter published by Business Insider, voiced concerns about legal challenges to the border proposals and the risk that ports will not be ready in time.
Asked whether Britain’s borders would be ready and secure by the end of the year, Gove said he thought they would be.
“I am absolutely certain that everything that we do is compliant with the law, indeed is designed to ensure that we can not just comply with the law and keep people safe, but also facilitate trade as well,” he said.
Gove said there had been “movement” in the negotiations between Britain and the EU about a post-transition trade deal.
“There are hopeful signs, but I wouldn’t want to be over-enthusiastic,” he said.
The border between Northern Ireland, which is part of the United Kingdom, and EU member Ireland will be subject to specific guidance.
“We will be saying more about how we are going to implement the Northern Ireland protocol later this month,” Gove said.
Britain to spend 705 million pounds on EU border infrastructure
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
When it comes to the nightlife and entertainment industry, things have taken a bit …