The Chancellor of the Exchequer, Sajid Javid said this weekend in a recent interview with The Financial Times that there would be no regulatory alignment with the EU27 in a future trading relationship.
This calls on businesses to end their campaign for Britain to align with EU rules post-Brexit, saying that they have already had three years to prepare.
BVRLA Chief Executive Gerry Keaney said “UK fleets have enough uncertainty to cope with at the moment without having to worry about what kind of regulatory alignment the UK has with the EU on vehicles and parts. Any sudden split from EU rules could potentially create huge additional cost and administrative burdens. The vehicle rental and leasing sector is versatile and adaptable, but needs clear, specific and well-signposted details on future trading terms and conditions.”
With the UK set to formally leave the EU on 31 January 2020, the BVRLA will be publishing regular updates on key developments during the transition period.