Brexiters' customs model 'could cost £20bn for UK business'

‘Max-fac’ option could result in huge annual hit for firms, according to head of HMRCThe post-Brexit customs model favoured by Boris Johnson, Liam Fox and Michael Gove could cost business as much as £20bn a year, the head of HMRC has said, a verdict that delivers a huge blow to the Brexiters’ hopes of a complete departure from the customs union. Jon Thompson told the Treasury select committee that their preferred “max-fac” model, which relies on technology and