Many will have breathed a sigh a relief when the government finally agreed a trade deal with the European Union at the turn of the year. However, a few months on, the cost implications for escape of water claims are now becoming clear, argues Yuling Kao, an Associate at BLM.
The value and complexity of escape of water claims in the UK was increasing well before Brexit came onto the horizon. Brexit has only served to accelerate these trends and add yet more costs.
For example, with two-thirds of building materials used in the UK being imported from the European Union, and many replacement goods also hailing from mainland Europe, the new layers of bureaucracy for bringing goods into the UK has significantly added to existing inflationary pressures. But there other less obvious consequences of the change to our relationship with our closest neighbours.
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