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Lucrative services sector cannot prepare for potentially huge new obstacles to trading in the EU – because it is ‘not sure what to prepare for’.
A wide-ranging free trade pact between the UK and Norway will have to be pushed back as Norway’s coalition government failed to reach an agreement today.
"Only as true friends can, I want to be very honest about what lies ahead of us." The words of the new European Commission president as she headed to Downing Street and her first face-to-face meeting with Boris Johnson on Wednesday.
Even without the chaos of ‘no deal’, trading only on WTO terms post Brexit would mean substantial disruption to supply chains, with new tariffs, regulatory barriers and customs checks applying on day one of Brexit, explains Richard Barfield. Three sectors with the most jobs at risk are administration and support services, wholesale trade, and legal and accounting services.
Britain has been told to prepare for a no-deal Brexit when the transition period ends on 1 January 2021, after trade deal talks reached an impasse.
With negotiations between the UK and the European Union (EU) - over a trade agreement - going down to the wire, the possibility of there being no deal is being talked about.
Now that many advanced economies have recovered and are close to – or above – their pre-pandemic level of output, we can compare Britain’s economic performance to its peers. The results are troubling.
Factories’ slowdown and weak activity in services signal “minimal” economic growth in second quarter.
Carolyn Fairbairn of CBI says her ‘really big disappointment’ was the lack of help for British services in the potential deal
'Yet a no deal outcome would still have profound implications for the uK. as we analyse in what follows, from trade to connectivity to foreign policy to cooperation in policing, a failure to strike an agreement with the eu will impact on us in numerous ways.'
The drop comes despite a boost to the economy in the first quarter of the year, thanks to Brexit stockpiling.
The U.K.’s dominant services sector flatlined in October, the only part of the economy not to contract.
A post-Brexit deal should make it easier to build supermarkets, avoid tax and sue the UK, US business lobbyists say.
In 11 key policy areas, POLITICO reporters look ahead to March 30, 2019.
Despite calls to 'take back control' the economic reality is that tariffs will be determined by the 'bound rates' that the UK already has in place under the WTO and, ultimately, no tariff regime will make up for loss of access to the EU market
It has been almost two and a half years since the United Kingdom signed its post-Brexit trade deal with the European Union (EU), which was expected to have multifaceted impacts on the UK economy.
In this report, Sarah Hall, Senior Fellow at UK in a Changing Europe and Martin Heneghan, Research Fellow at the University of Nottingham explore the consequences to date of Brexit, and particularly of the TCA, for service providers.
Just in case you don't fancy the 1,200+ page document on Boxing Day.