The tariffs on over half of products have changed, but the weighted average tariff on goods imported from ‘MFN’ countries has fallen only from 2.1% to 1.5% (excluding non ad-valorem tariffs). Given that any difference between the UK and EU tariffs may create administrative problems ... there is room to ask whether this has been a net gain.
The European Union has promised legal action after the British government unilaterally extended a grace period for checks on food imports to Northern Ireland, a move that Brussels said breached the terms of London’s EU divorce deal.
There's been a lot of talk about free trade in the Brexit debate, but what exactly is a free trade agreement and how does it differ from what the UK has had with the EU?
Brexit: What is the customs union? [2 mins]
17/11/2018
One term that keeps cropping up in discussions around Brexit is the customs union. What is it and how does it work?
What is the single market and why does it matter in talks about Brexit?
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.
Why do so many people talk about a 'hard Brexit' and a 'soft Brexit'? And what do they mean?
Leaving the EU single market and customs union will bring new friction and red tape for food importers
Economists tell us Brexit will have a substantial economic impact on our lives. But how would ordinary people experience them? Ben Chu looks at the possible impact on wages, benefits and taxes.
Most of the fishing that takes place close to the west coast of Scotland is for shellfish, and most of the catch is exported to Europe.
What happens if we have no deal?
15/10/2020
Mr Johnson told his cabinet this week that leaving the EU without a deal should hold “no fear” for Britain, but was he right?
The New Irish Border Deal - ExplainTrade
24/11/2019
This article is going to try and explain lots of different things which all form part of the ‘what’s going on right now’ picture.
'It is hard to predict how full Brexit would play out, because this scale of multiple simultaneous renegotiations of global trade agreements is unprecedented – and no country has ever left the EU. It certainly can’t be assumed that Britain is bound to get quick and good deals because it is a large economy.'
Tariffs: What Will a Cut Mean for You?
16/03/2019
The inclusion of cuts in the UK’s announcement of No-Deal Tariffs sent headline writers scrabbling up idiot mountain, each racing to beat the next and plant a flag at peak idiocy by claiming prices were going to plummet or skyrocket.
Brexit explainer: What is in the new deal?
17/10/2019
EU and UK negotiators reach a new Brexit agreement that would avoid a hard border.
We examine the impact of the Brexit plans under discussion between the EU and UK.