Brexit delay could cost millions in extra payments to ferry firms

Any delay to the UK leaving the EU could cost the government tens of millions in extra payments to keep its no-deal ferry contracts in place. The extra costs will be a fresh political blow to the transport secretary, Chris Grayling, after the collapse of one contract with an operator that had no ferries and a lawsuit by Eurotunnel that was settled out of court at a cost of £33m. It seems unlikely the contracts will now be realised after MPs voted to instruct Theresa May to seek an extension to article 50, which would delay Brexit beyond 29 March. According to the Financial Times, the cost of the delay could reach £28m. Brittany Ferries, which has contracts worth £46.6m under the deal, said the terms “included fair and proportionate compensation in a deal scenario, taking account of the significant preparatory work and concomitant costs incurred”.