UK tax and spending policies are being considered in the event of a no - deal Brexit , according to a Financial Times report . The report suggests Project After has been proposed by cabinet secretary , Mark Sedwill to look at fiscal policies to mitigate any economic impact if the UK leaves the EU without a deal . 2 min read08 February 2019 Cuts to corporation tax and VAT could be used to encourage investment . Meanwhile , a second Brexit scheme , Project Bluebell , is reportedly looking at protective measures for the car manufacturing , agricultural and pharmaceutical industries if no deal is reached .
UK tax and spending policies are being considered in the event of a no - deal Brexit , according to a Financial Times report . The report suggests Project After has been proposed by cabinet secretary , Mark Sedwill to look at fiscal policies to mitigate any economic impact if the UK leaves the EU without a deal . Cuts to corporation tax and VAT could be used to encourage investment . Meanwhile , a second Brexit scheme , Project Bluebell , is reportedly looking at protective measures for the car manufacturing , agricultural and pharmaceutical industries if no deal is reached .