The UK Will Invest About $900 Million In Border Infrastructure In Connection With Brexit
The UK will spend £705 million (almost $890 million) on improving infrastructure at the country's borders in light of the UK's impending exit from the EU's single market and Customs Union, according to a message distributed on Sunday by the British government.
"On January 1, 2021, the transition period with the European Union will end, and the UK will leave the single market and Customs Union, regardless of what agreement the UK reaches with the EU on future trade relations," the communique notes. It is specified that £470 million ($593.3 million) of this amount will go directly to the construction of new border infrastructure facilities in British ports, and £235 million ($296.6 million) - to invest in the development of new software, training, and employment of half a thousand new border guards.
The Sunday Times reported on Sunday that these expenses are laid in preparation for the fact that a deal with the European Union will not be reached. This means that from January 1 next year, there will be a need for customs and border checks between the UK and the EU, which did not exist during the 47-year stay of the Kingdom in the community.
The UK left the EU on February 1, 2020, after three years of negotiations on the terms of exit. Brussels and London have agreed on a transition period until the end of this year, during which the United Kingdom is subject to all European rules. During this time, the parties must agree on a document on how to build future relations. London has consistently stated its reluctance to extend the transition period, even though the remaining time before the end of the year may not be enough to complete the negotiations. Both sides accuse each other of unwillingness to compromise and say that much progress has not yet been achieved.
On June 12, the UK officially notified the European Union that it would not extend the transition period.