Post-Brexit customs checks could cost 4 billion pounds a year, study saysThe British government has said it plans to leave the European Union’s customs union when it leaves the bloc, and it wants to negotiate a new relationship that will ensure trade is as free of friction as possible. In its report ‘Implementing Brexit: Customs’, the Institute for Government said the government needed to offer as much certainty as possible to business and help them plan for changes to customs. Around 180,000 traders now operate only within the EU and face making customs declarations for the first time after Brexit.

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