Seaborne Freight: Govt was warned that Brexit ferry firm with no ships was ‘high risk’

Ministers were warned that the firm at the centre of a controversial Brexit ferry contract was a “high-risk proposition” before the deal went ahead, a government spending watchdog has said.

The National Audit Office said it told the government that Seaborne Freight – which does not have any ships – was not able to satisfactorily meet the criteria set out in the Department for Transport’s tender.

But the department decided to go ahead with the contract after inserting further protections to reflect the risk that the firm might not be ready in time.

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