This investment is said to ensure that the UK’s border systems are “fully operational” when the UK leaves the EU at the end of 2020. Cabinet Office Minister Michael Gove publicized that the investment would allow traders to “manage the changes and seize the opportunities” once the Brexit transition period ends in December.
So, what will this budget be spent on? The Government have announced the £705 million package contains £235 million for staffing and IT systems, and £470 million for port and inland infrastructure to ensure compliance with new customs procedures.
Mr Gove said: “With or without further agreement with the EU, this £705 million will ensure that the necessary infrastructure, tech and border personnel are in place so that our traders and the border industry are able to manage the changes and seize the opportunities as we lay the foundations for the world’s most effective and secure border.”