The UK Govt is announcing tabling legislation on it's new post-Brexit subsidy control regime today, which it says will be simpler/nimbler...here's @FinancialTimes report with help from @GeorgePeretzQC
@jamesrwebber -- but lots of questions unclear.../1

ft.com/content/4206d1…
@FinancialTimes @GeorgePeretzQC @jamesrwebber This is an area where the UK -- because it no longer needs subsidy controls fit for yoking together 27 sovereign economies as in the EU single market situation -- can indeed be nimbler/quicker....see long #Brexit Briefing piece & thread on why/how here /2

We now need to see the detail of how the "Advice Unit" in the CMA is going to work -- what role it will play in decisions over potentially controversial subsidies "of interest" and "of particular interest"....and how those categories are going to be decided/3
Also not clear from the Govt Press Release what will replace -- if anything -- the EU block exemption scheme that keeps the bulk of smaller subsidies out of scope.

The UK govt v excited to be rid of that scheme...but not clear how subsides of 'no' interest are determined /4
The government wants a principles-based approach, but if it's rejecting the 'safe harbour' ideas proposed by the likes of @AlexanderPHRose in order to be 'nimbler' it will need to ensure the resulting ambiguity/confusion doesn't have opposite effect /5
@AlexanderPHRose We'll also have to see if this regime is actually any more 'liberal' than the 'ex ante' EU regime -- given that the EU subsidies massively already on stuff like EVs/Gigafactories and #COVID19 recovery /6
@AlexanderPHRose Ultimately, when the government has stopped briefing (without putting everyone in full possession of the facts), we need practitioners like @GeorgePeretzQC @jamesrwebber @AlexanderPHRose to give an assessment of how different/much nimbler the new UK regime is going to be...ENDS

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More from @pmdfoster

2 Jul
🚨🚨🇬🇧🇪🇺🇬🇧🇪🇺🇬🇧 🚨🚨EXC Johnson’s post-Brexit trade policy faces first High Court test via @FT - one for #brexit and trade wonks, but fascinating and a case that will be widely watched per ⁦@AlexanderPHRose⁩ —
Stay with me/1 on.ft.com/2UkXnhZ
@FT @AlexanderPHRose So first the case. It stems from a decision last December by @trussliz to unilaterally allow 260,000 tonnes of "raw cane sugar" to enter the UK tariff-free, for one year. So far, so simple /2

gov.uk/government/con… Image
@FT @AlexanderPHRose @trussliz But British Sugar Plc @BritishSugar has gone to court to argue that this 'autonomous' quota is a de facto subsidy to their US-owned rival Tate & Lyle Sugars @TateLyleSugars because T&L is the ONLY company in UK that refines *cane* sugar -- BS uses homegrown sugar beet/3
Read 6 tweets
29 Jun
🚨🚨🇬🇧🇪🇺🚛🚛🚛🇪🇺🇬🇧🚨🚨How Britain’s Channel ports avoided feared #Brexit meltdown…how the French helped, but how the disruption was displaced to depots (and may yet arise when passenger travel restarts). Latest for @FT series. Stay with me/1
on.ft.com/3quPLpn
@FT So first the 'reasonable worst case' as set out last Sept by @michaelgove (not 'remainers' as some Brexiters might have you believe) -- 7,000 lorries in Kent, 2 days queues etc. Armageddon. But it didn't happen. Why? And what did happen? /2
ft.com/content/aa42ac…
@FT @michaelgove Talking to Govt, Industry, Hauliers, Logistics the main reasons are as follows:

- stockpiling. 230k trucks thru Dover in November, highest of the year.

- much lower trade in Jan. “A lot of smaller suppliers just backed off,” says Tim O’Malley of @NationwidePlc /2
Read 17 tweets
28 Jun
🚨🚨🇬🇧🇪🇺🚛🥩🚚🐟🍸🏭🇪🇺🇬🇧🚨🚨Six months on and UK businesses are still battling with Brexit, finds exclusive ⁦@The_IoD⁩ ⁦@cmi_managers⁩ surveys for ⁦@FT⁩ — red tape, labour shortages etc. With ⁦@DanielThomasLDN

Stay with me/1 on.ft.com/3qxVDye
@The_IoD @cmi_managers @FT @DanielThomasLDN So the @The_IoD survey 651 members. Of those that traded with the EU, only 6 per cent said their trade with the bloc had increased after EU-UK Trade and Cooperation Agreement came into force. 31 per cent said it had decreased. /2
@The_IoD @cmi_managers @FT @DanielThomasLDN Not sure this necessarily that surprising, but it's a reminder that this EU-UK Trade deal that was, per @BorisJohnson creating 'no non-tariff to trade' has hit trade (as we know).

If this was any other trade deal, we'd say it was a total failure. /3
Read 19 tweets
23 Jun
The EU is poised to do mutually agreed can-kick on the 'sausage war' row -- but as @MichaelAodhan @ColdChainShane a temporary truce has to lead to a more permanent fix... will it? via @FinancialTimes with @SamFleming10
@PickardJE /1
ft.com/content/ae264e…
@MichaelAodhan @ColdChainShane @FinancialTimes @SamFleming10 @PickardJE One reading, it's an EU climbdown - the 'conditions' for the extension to the grace period on sausages are pretty woolly (keep labelling and seeking permanent solution, ideally a EU-UK vet deal) - but equally it's an improvement on unilateral action /2
@MichaelAodhan @ColdChainShane @FinancialTimes @SamFleming10 @PickardJE But what is the prospect that we don't end up in same place in September??

Because the EU still wants the "core" of the Protocol to be implemented - viz respecting and applying the list of EU rules/directives in the annexes to all goods travelling from GB to NI /3
Read 13 tweets
18 Jun
It's out!!! My weekly #Brexit Briefing for @FT

This week: 1) why industry wants @trussliz to listen to them more so we actually cut *better* deals as we move out of rollover fever... @William_Bain @chrisouthworth @AlexanderHorne1 & @Brigid_Fowler /1

ft.com/content/aebac5…
@FT @trussliz @William_Bain @chrisouthworth @AlexanderHorne1 @Brigid_Fowler In short, industry has had a pretty adversarial relationship no trade -- given that the govt railroaded through a horribly minimalist TCA deal with our biggest trade partner...but now we're moving into next phase (eg new deal with Aus) really wants better co-ordination /2
@FT @trussliz @William_Bain @chrisouthworth @AlexanderHorne1 @Brigid_Fowler But the Govt seems stuck in the quantity over quality approach which risks setting bad precedents for future deals with bigger countries.

As @Minette_Batters told Radio 4. “At the moment it just seems to be about writing the press release and developing the policy later.” /3
Read 11 tweets
13 Jun
So. Two pieces on the culture wars to read this weekend. One about the man behind them Dougie Smith via @ShippersUnbound and one by @alexebarker and me for @FinancialTimes ancialtimes on what it’s like being on the receiving end. /1
First the profile of Dougie Smith, the culture warrior who has culture Sec @OliverDowden “on a string” and puppeteers ministers — cf Dacre to Ofcom, Williamson on Queen pic, etc. Part of a Uni club “even Norman Tebbit thought too right wing”!!/3

thetimes.co.uk/article/8f8587…
Then this FT Weekend Front which take a long (and balanced) look at how this is playing out in the 'rebalancing' of boards of museum trustees as the govt, backed by Tory-leaning press, relentlessly and openly wages the culture war/3

ft.com/content/7c9c06…
Read 13 tweets

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