Johnson doubles pot for no-deal Brexit

Boris Johnson, the new Prime Minister of the United Kingdom, has nearly doubled the budget earmarked for preparing the country for a no-deal Brexit. He sets aside another €2,3 billion, bringing the total amount to €6 billion.

The British Prime Minister has said several times that he wants to leave the European Union on October 31, with or without a deal. The money he is putting aside is intended to support customs and border police, stock up on medicines and inform residents about what will happen if the country leaves the European Union without a deal. A part is also intended to support entrepreneurs, such as writes Bloomberg.

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Sajid Javid, the United Kingdom's Chancellor of the Exchequer, says that half of the money will be made available immediately when a no-deal Brexit takes place. The other portion will become available if the government agencies actually need the money.

By contrast, there is clear opposition to this doubling of the budget. They think it is a waste of tax money. "The government could have rejected a no deal and spent it on schools and hospitals," he said reports Labor member John McDonnell.

Kimberly Baker

Kimberly Bakker is an all-round editor at Boerenbusiness. She also has an eye for the social media channels of Boerenbusiness.

k.baker @boerenbusiness. Nl

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