UK government quietly shelved a programme to build a frictionless post-Brexit trade border, after spending GBP 110mln on a contract with Deloitte and IBM for the project, according to FT

UK government quietly shelved a programme to build a frictionless post-Brexit trade border, after spending GBP 110mln on a contract with Deloitte and IBM for the project, according to FT.

The UK government's decision to abandon the frictionless trade border initiative post-Brexit indicates a significant policy shift that could heighten trade frictions with the EU. This move may have implications for the GBP, influencing currency sentiments, and highlights the ongoing challenges in UK-EU trade relations, potentially affecting market stability across equities and currencies.