π¨π¨πͺπΊπ¬π§πππππ¬π§πͺπΊπ¨π¨ So. Drug industry sounding alarms over cost of #brexit red tape on supplies to Northern Ireland, warning of βsharp curtailmentβ of treatments to patients from Jan 1 2023 without a fix. @SarahNev and me in @FT Stay with me /1 on.ft.com/3gnuRp4
The NI Protocol requires drugs going from GB into NI to follow EU rules - see the list in Annex 1 (20) of the Protocol...just a taster here, but it's a long list /2
@SarahNev@FT There was a grace period to give businesses time to adapt agreed to run to Dec 31 2021, but presenting the Protocol to Parliament in Dec last year, the govt seemed committed to business adjusting to requirments on batch testing & import requirements. /3
@SarahNev@FT But then in January -- after the big row on the EU Commission triggering Article 16 in error over vaccine controls -- @michaelgove wrote to @MarosSefcovic demanding the deadline be pushed Jan 1 2023 and appeared to raise need for steps to soften demands of Protocol /4
βThe resilience of that supply chain has now halved,β Samuels says /6
There is a question of supply-chain re-orientation (which is EU position on, for EG, sausages/prepared meats) but @HDAMartinSawer of the Healthcare Distribution Association says that underestimates who complex the rules are & how reliant NI is on GB for meds /7
@HDAMartinSawer The detail of medical regulations is fiendishly complex, and negotiations are ongoing, we hear, on how this entire issue is going to play out. There is some time, but not as much as you might thing as some suppliers (see above) already making moves. /8
@HDAMartinSawer It may be the govt has to underwrite the distribution process to some degree -- as it has for goods trade with TSS scheme etc -- and govt does talk of "additional warehousing capacity" in NI (see snip above). /9
@HDAMartinSawer The obvious point to make here is that medicines -- rather more than sausages! -- are super sensitive politically, as is healthcare in NI, with long waiting lists in NI and big differences with Republic for consumers. An area that will need v careful handling. ENDS
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π¨π¨NEW: rare Labour intervention on #brexit debate - Rachel Reeves @RachelReevesMP tells me in @FinancialTimes that βarrogantβ Tory govt is βdisturbingly relaxedβ about hit to exporters/SMEs from new red tape as @OBR_UK spells out costs. Stay with me/1
@RachelReevesMP@FinancialTimes@OBR_UK So Labour have generally shied away from #brexit consequences debate -- politically too many minds are made up, so it's a lose-lose issue - but back in March, after Budget, Reeves wrote to OBR noting lack of impact assessment by @RishiSunak
of #Brexit /2
@RachelReevesMP@FinancialTimes@OBR_UK@RishiSunak The OBR chair Richard Hughes replied to Reeves on March 29, setting out in detail it's assessments to date on impacts of #Brexit - which it reckons at 0.5% short term to GDP in 2021 and 4% productivity hit over longer term (15 years) /3
π¨π¨π¨NEW: as #COVID19 lockdowns start to end Northern Ireland hospitality sector faces Brexit βtroubleβ after suppliers told they canβt use supermarkets easements scheme - which begs some interesting Qs. Stay with me/1
The background to this comes as a) the UK and the EU try and agree a "road map" or "work programme" to get the Protocol moving again after another stand-off/EU legal action after UK unilaterally extended easements for GB businesses sending stuff to NI /2
And b) as NI prepares to chart its path out of lockdown, re-opening pubs/cafes/restaurants etc which the NI Executive is under growing pressure to do - BUT that means sharp up-tick in volumes of goods going to supply them /3
π¨π¨π¨π¨π«π«π«π«π¨π¨π¨π¨ NEW: The government is βclawing backβ millions of £££ from the very same FE colleges that it wants to advance its new skills agenda - all for failing to run enough courses during #Covid_19 lockdown. Itβs mad. π€¦ββοΈ Stay with me. /1
This one is a real head-scratcher - but earlier this month the @ESFAgov announced that Colleges that had not put on 90 per cent of course they'd promised would have to hand back cash to the @hmtreasury
from December, a so-called "clawback" /2
@ESFAgov@hmtreasury This is not new in itself...it's a way of retrospectively matching grants to output - *BUT* during #COVID19 its been impossible for a lot of Colleges to run courses - you can't teach welding or English to non-speakers via zoom...and yet colleges get penalised /3
π¨π¨βοΈπ€πΆππΈπͺπ€πΆπ¨π¨NEW: just as you thought #COVID19 lockdown was ending and the Summer of Fun was beginning UK festivals & events are warning of cancellations unless government underwrites insurance - stay with me, this could become a thing/1
So what's the problem? Its that with a third wave in Europe the risks of putting on mega events is very high without cancellation insurance - in case, say, the govt reverts to 'max 30 gatherings for EG'. Lots of festivals are SOLD OUT, but that doesn't mean they'll go ahead. /2
How do we know this? Well, some are already cancelling - like the Belladrum Tartan Heart music festival - which specifically cited insurance issues, which is unavailable in the commercial market after $8bn losses in 2020 /3
π¨πͺπΊπ¬π§ππ’πΆππ§±π’π¬π§πͺπΊπ¨We write a lot about the impact of Brexit on business (rightly) but what about the impact on individuals - and itβs not just about the money! As me and @DanielThomasLDN report her for @FinancialTimes Stay with me... /1
@DanielThomasLDN@FinancialTimes Brexit is about building back barriers - economic but also social and cultural with Europe - and these barriers are built back by increment. Just as gravity impacts trade, so it impacts our social and cultural interactions. The bureaucracy created by Brexit does that...EG... /2
@DanielThomasLDN@FinancialTimes Adrian Bagley, a semi-retired architect who buys and sells model trains from collectors in the EU on the Catawiki auction website...he's been doing it for years. It gives him great pleasure interacting with buyers n sellers from Romania or Austria /3
Business after Brexit: a tale of red tape and higher costs - three tales from the #brexit frontline. Quick takeaways. Stay with me. /1 on.ft.com/3c4qe0p
These are the stories of three businesses that the @FinancialTimes decided to follow after #Brexit to see how they adjust to life outside Single market and customs union - a teamaker Hampstead Teas, a specialist haulier Chiltern Distribution and an aerospace co Produmax /2
First the teamaker Hampstead Teas, that packs and distributes out of plant in Milton Keynes...sells 100,000Kgs a year, including to big EU retailers like Esselunga, Monoprix and Alnatura....they've had a nightmare. Taken 8 weeks to clear one load of tea into Italy. SO.../3