industry

Brexit news: Farmers and fisherman to benefit from £6bn no-deal fund from Jeremy Hunt


The Foreign Secretary is today expected to unveil a 10-point plan which will be activated in the event of Britain leaving the European Union without a deal in place. As part of the package, food producers exporting to Europe will be aided by a No Deal Relief Programme to help honour international obligations post-Brexit. The plan will also include a Cobra-style committee to keep Britain open for business in the event of World Trade Organisation (WTO) tariffs coming into effect. Mr Hunt is expected to say: ”You cannot leave the European Union on a wing and a prayer.

“Britain deserves better.”

He will add: “If you’re a sheep farmer in Shropshire or a fisherman in Peterhead I have a simple message for you – I know you face uncertainty if we have to leave the EU without a deal.

“I will mitigate the impact of no-deal Brexit on you and step in to help smooth those short-term difficulties.

“If we could do it for the bankers in the financial crisis, we can do it for our fishermen, farmers and small businesses now.”

Mr Hunt will tell MPs he plans to bolster no-deal preparations to ensure a smooth exit from the EU.

Plans to keep goods flowing in and out of the UK, including emergency powers so ports and airports can coordinate nationally, will be led by a new National Logistics Committee led by the Department for Transport.

A No Deal Brexit Budget should be prepared, including a corporation tax cut to 12.5 percent, increasing the annual allowance to £5million and taking 90 percent of high street businesses out of rates.

Mr Hunt is expected to say: “Britain deserves a leader who works tirelessly to get a deal but who is prepared to put the hard yards in preparing for no deal.”

He stressed he would prefer the UK to leave the EU with a “new deal” that removes the Irish backstop and ensures a fully independent trade policy, which he said is possible “if the Commission engages in good faith”.

Mr Hunt will add: “Britain deserves a leader with the courage to not just tell the European Commission he will walk away, but to show them he is willing and able to do so.

“Because in the end, without those abilities, without that determination, and without that plan, it is just a wing and a prayer.”

Similar support packages have recently been carried out by President Donald Trump who provided a 16bn dollar package for farmers affected by Chinese tariffs.



READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.