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Bristol Port declares itself ready for Brexit

'Bristol Res' Blog • 14 February 2019

Bristol Port, one of the UK’s major ports, has revealed that they are Brexit ready in a new brochure that explains why they are optimistic about the future in these uncertain times.

Situated at the mouth of the River Avon, Bristol Port is a huge 2600 acre site situated just 5 miles outside of Bristol. It employees over 575 people directly and some 10,000 jobs depend on port based businesses. Bristol Port is the largest handler of imported cars to the UK with over 600,000 cars a year passing through the port.

Chief Executive Officer, David Brown, reported “65% of the cargo that Bristol Port deals with is non-EU, with the majority imported under World Trade Organisation rules. We remain confident that our systems and operations will continue to function smoothly and efficiently once we leave the EU and whether there is a deal or not.  Bristol Port does not deal with food for people nor with accompanied roll-on roll-off trailers. We expect any additional administrative burden to be kept to a minimum and we anticipate that activity levels will increase in the years ahead – whatever the final Brexit outcome.”

As a global gateway, Bristol Port adds £1 billion to the British economy every year.  The Port handles an eclectic range of cargoes with multiple and frequent global connections.  With a deep-water depth of 14.5m accommodating vessels up to 130,000 tonnes dwt, the Port has the natural capabilities to handle some of the largest ships in the world.  Bristol Port has invested more than £500 million of private finance into the Port since 1991. Recent investments have included a £7m container terminal update, the purchase of 2 new RTGs (rubber-tyred gantry cranes) and the purchase of land to meet customer requirements for storage.

Bristol Port is ready to continue trading as a global gateway, whatever the Brexit outcome. Click here to view their Brexit brochure


Just lettings, just Bristol

 

 

 

Tenant Fee Bill receives Royal Ascent

The Queen has now signed the Tenant Fee Bill, which confirms the bill will come into effect on June 1st this year.

It is anticipated that the government will produce guidance on how this bill is to be implemented and we are led to believe this will be published before June.

The news of the bills final journey into law has been heralded by Secretary of State for Housing James Brokenshire. He said it would “help renters keep more of their hard-earned cash” and prevent tenants being “stung by unexpected costs from agents or landlords”.

There was an acknowledgment from Brokenshire that this bill will cost both landlords and agents millions of pounds but no advice from the MP on how they should overcome this or a concern that this will lead to rising rents.

We shall publish the guidance as soon as it is received but if you would like to see a summary of the changes that will be made by the tenant fee bill please click here.

 


 

Just lettings, just Bristol