Port of Dover could lose £1bn in no-deal Brexit

Port of Dover, Great Britain

The coastal town of Dover is set to lose £1bn worth of trade if a no-deal Brexit goes through on October 31, according to representatives of the Port of Dover and Freight Transport Association, who were speaking at the Conservative Party Conference in Manchester last week.

The ferry port in Kent – which has been a major hub for exports and imports to-and-from France – is worried about the future of trade in the region, with UK Transport Minister George Freeman confirming (Operation Yellowhammer) rumours that traffic could drop between 40-60 percent in the first three months of a no-deal.

This has caused a great deal of concern for UK government officials, but according to International Trade Secretary, Liz Truss, the UK will be ready for a no-deal Brexit from day one, with 70 percent of trade deals with the European Union covered by roll-over agreements.

The port is not only an important trade and supply hub for England, but Ireland as well, with Dover Harbour CEO, Doug Bannister, ensuring the public that they are prepared for Brexit.

"Alongside ongoing major investment in our operational capacity, we've prepared for Brexit, working hard to ensure our assets are ready, critical spare parts stocked and the right level of resources are in place," said Bannister.

"Dover is a fast-paced operation, unlike anywhere else,a and has been dubbed Britain’s just-in-time trade conveyor belt; but it is Ireland’s too with around 40% of Irish exports to the EU travelling via Dover,” he concluded. - Bjorn Vorster

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