Here’s what Britain’s Brexit trade deal with the EU will change
Live MintFor businesses, the trade deal between Britain and the European Union comes as a relief, mitigating some of the worst disruption they face, but it won’t be a full substitute for membership of the bloc. To move goods from Dover to Calais -- the U.K.’s busiest crossing point with the EU -- truckers will need a government-issued permit showing they have the right paperwork and won’t be held up by French officials. While goods moving out of the U.K. will face checks from the year-end, Britain has deferred full import controls on goods coming from the EU until July. City of London Regardless of the deal, finance firms will lose their passport to offer services across the EU, forcing them to shift staff and beef up their operations in the bloc. For example, some goods will need to bear a new U.K. Conformity Assessed mark from Jan. 1, instead of the EU’s CE mark, in order to be sold in Britain.