LATEST: Brexit talks to cost UK up to £65 million a year: study
British Prime Minister Theresa May | Nick Ansell/AFP via Getty Images
The British government will need to employ 500 extra members of staff at an annual cost of up to £65 million (around €75 million) just to plan its approach to Brexit, a report published Thursday by the Institute for Government suggested.
The report, which outlines the U.K.’s progress in planning its EU exit strategy, also warned that British Prime Minister Theresa May must move swiftly to prevent turf wars between Brexit ministers, which have already wasted significant time and money.
The report stated that while the government has begun to build “the machinery” of Brexit, little is known about how it will reach an actual negotiating position.
The independent think tank argued the two new departments — the Department for Exiting the EU and the Department for International Trade — set up to deliver Brexit alongside the Foreign Office, risk “creating fragmentation and incoherence, and a lack of clarity about the roles and responsibilities,” which has already led to distractions and delayed work.
The report also stated there is “an urgent need” for Britain to hire experienced people who have negotiated with the EU and within the World Trade Organization, as well as experts who have experience negotiating trade agreements.
“The expertise the U.K. needs can probably best be acquired by attracting people from overseas with relevant experience,” the think tank said.