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Brexit Truck Permits Spark Rush as Hauliers Fear No-Deal

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Fitch's McCormack Says a Hard Brexit Could Push U.K. Into Recession

The U.K. has been inundated with requests for permits giving truckers unimpeded access to the European Union in the event of a hard Brexit, highlighting mounting fears among hauliers that their business could be curbed.

Britain’s Department of Transport has received more than 11,000 applications for the 984 passes. The so-called ECMT permits weren’t meant to be a backstop for a no-deal split, having been created to help EU nations trade with neighbors like Turkey and Ukraine, but may end up as a last resort for U.K. truckers to range freely within the bloc if negotiations don’t bear fruit before March 29.