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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.
The EU Services Sub-Committee has today published its report, Beyond Brexit: trade in services, which examines the future UK-EU relationship on trade in services.
'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.'
Even if the European Union and the United Kingdom conclude a highly ambitious partnership covering all areas agreed in the Political Declaration by the end of 2020, the United Kingdom’s withdrawal from the EU acquis, the internal market and the Customs Union, at the end of the transition period will inevitably create barriers to trade and cross-border exchanges that do not exist today.
This paper considers only trade in services between the United States and the UK in the context of the latter’s anticipated departurefrom the EU and identifies priorities for any future legal arrangement governing U.S.-UK trade in services. / "Many American services suppliers chose the UK as their European headquarters in order to benefit from operating inside the EU Single Market."
The report shows that no deal will not “get Brexit done” rather, it will usher in a period of prolonged uncertainty for citizens, workers and businesses, which is unlikely to be resolved anytime soon, our new report, No deal Brexit: issues, impacts, implications, reveals.
The 2016 referendum, which resulted in a narrow win for those campaigning to leave the European Union, has posed perhaps the most complex set of questions ever faced by a peacetime government.