When considering the UK’s announcement on State aid today, it is worth noting that the UK’s view is that the WTO rules on industrial subsidies need reforming. gov.uk/government/new…
As @trussliz told the WTO in March 2020.
gov.uk/government/spe…
When she announced the UK Government will make the case to update the WTO rule book in respect of industrial subsidies.
So this is another u-turn from @BorisJohnson.
But there is a bit of wriggle room in the announcement by @AlokSharma_RDG...
Namely that the UK shall also apply “any commitments on subsidies agreed through the UK’s free trade agreements”.
There are good reasons for the UK to have a robust State aid regime, even in a no deal scenario.
The simpler, more orderly approach to lifting Article 10 of the Northern Ireland Protocol would have started with the Government publishing a meaningful UK State aid regime...
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