Doughty – Chief Exec of HMRC admits ‘Max Fac’ could cost businesses up to £20 billion

The Chief Executive of HMRC, Jon Thompson, has said that one of the Government’s proposed customs models (the so-called ‘Max Fac’ model) could cost businesses up to £20 billion due to new customs declarations and other costs.

Commenting, Stephen Doughty MP, leading supporter of the People’s Vote campaign, said:

“Perhaps the worst part of the whole Brexit shambles is that the Government is pursuing a path they know will make the whole country poorer.

“The admission by UK’s most senior customs official that the Brextremist’s fantasy ‘Max-Fac’ option could cost British businesses up to £20 billion should finally put this ridiculous idea to bed.

“Businesses are growing increasingly restive over the Government’s ideological insistence on wrenching the UK out of the Customs Union and the Single Market, as they know it will be a bombshell of bureaucracy for British businesses and will cost jobs.

“With the costs of Brexit mounting up, it is clearer than ever that we need a People’s Vote on the final Brexit deal.” 



Notes to editors

Jon Thompson was speaking to the parliamentary Treasury Committee. The exact exchange was as follows:

Jon Thompson, Chief Exec of HMRC: “It would be reasonable to think that it would be several billions pounds more so I think you need to think about the highly streamlined customs arrangement costing businesses somewhere in the late teens of billions of pounds.”

Rushanara Ali MP: “I’ve started to lose count of the number of billions.”

Jon Thompson: “Somewhere between £17-20 billion, it’s that sort of order.”

(from 14:56:50 onwards)