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UK adds £2.1B in funding for no-deal Brexit preparations

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UK adds £2.1B in funding for no-deal Brexit preparations

U.K. Chancellor Sajid Javid announced a £2.1 billion funding package to "intensify" preparations for a potential no-deal Brexit.

Government departments and devolved administrations will immediately receive a total of £1.1 billion to support critical operations in the event the U.K. leaves the EU without a deal Oct. 31, while the remaining £1 billion will be made available "to enhance operational preparedness" if needed.

The government, under the leadership of Prime Minister Boris Johnson, allocated £344 million for border and customs operations, £434 million to ensure the continued supply of vital healthcare products, £138 million to boost public communications and £108 million to support businesses in preparing for the country's departure.

The latest package increases total government funding for Brexit preparations to £6.3 billion, of which £4.2 billion have been allocated in the current financial year alone.

The European Commission has reiterated that the existing withdrawal agreement reached between Brussels and former U.K. Prime Minister Theresa May is "the best and only" Brexit deal possible, though the EU is open to analyze any ideas put forward by the U.K. which are compatible with the existing deal.

"We want to get a good deal that abolishes the anti-democratic backstop," Javid said, citing the controversial provision within the existing Brexit agreement that would aim to prevent a hard border between the U.K.'s Northern Ireland and the Republic of Ireland.

"But if we can't get a good deal, we'll have to leave without one."