So what has the U.K. government proposed to fix Brexit problems in Northern Ireland? An explainer... 1/ bloomberg.com/news/articles/…
Remember, the current system sees goods crossing from GB to NI face customs checks as if they are entering the EU. To avoid the land border on the island of Ireland, it was put in the Irish Sea 2/
Under the U.K.'s new proposal, this would be replaced by an honesty-style system. GB companies label their goods `for NI' if they're destined for NI. These goods would then not face customs checks 3/
Next big change -- the U.K. wants to remove the role of the ECJ in enforcing significant chunks of the Protocol 4/
Another change: the U.K. wants goods that have received the new U.K. safety mark - the UKCA, replacing the CE mark in Britain from 2022 - to be able to be sold in N. Ireland, without also having to prove compliance with EU rules 5/
What's been the reaction to the U.K. proposals? Irish lawmaker @nealerichmond calls them `overly simplistic and disappointing' 6/
In the meantime, Frost has called for an immediate standstill period on all grace periods for NI trade and a freeze on legal processes brought by the EU against the U.K. (The next looming deadline is end of September, when extra checks apply to food imports to NI) 8/
Key next steps -- what will be the EU's formal response? Will they agree to a significant renegotiation of the protocol, as Frost is asking for here? And if not, what would the U.K. do under Article 16 of the NI protocol? 9/
Important nuance here - Article 16 doesn't mean suspension of the whole protocol. Actions have to be limited to dealing with whatever is causing societal or economic problems 10/
So it's another summer of instability and uncertainty for Northern Ireland. And it's 2021 and the British government has just formally asked for another Brexit negotiation (😱) - we go again.. ends/ bloomberg.com/news/articles/…
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A worsening driver shortage in the U.K. - exacerbated by Brexit and the pandemic - is increasing costs for businesses and leading to empty shelves 1/ bloomberg.com/news/articles/…
Multiple factors have come to a head to cause the shortage, including:
- EU drivers returning home post-Brexit
- Brexit customs delays tying up vehicles for longer
- Covid disrupting tests for new drivers, creating a big backlog waiting to get licences 2/
So what's happening on the ground? Supermarkets are beginning to see gaps in their supplies. Fresh produce is going to waste because it's not being collected. And businesses face a daily struggle and higher costs to get their goods to market 3/
New: a fresh Brexit spat over fish has been averted, as Jersey extends a transition period for French vessels in its waters 1/ bloomberg.com/news/articles/…
You’ll remember the remarkable scenes in May, when France and Britain sent naval ships to the island after French fishermen threatened a blockade 2/ bloomberg.com/news/articles/…
Well a July 1 deadline was approaching, after which new licensing restrictions would’ve hit French boats. As locals predicted at the time, the French would be back… 3/ bloomberg.com/news/articles/…
New: Joining CPTPP would boost Britain's GDP by 0.08% over 15 years compared to its 2019 level, government says in scoping assessment 1/ bloomberg.com/news/articles/…
The government has finally published a long-awaited economic assessment of joining the CPTPP, an 11-nation pact which includes the likes of Australia, US, Japan, Canada and New Zealand 2/ assets.publishing.service.gov.uk/government/upl…
You'll remember the scoping assessment of the UK-Australia trade deal famously said it would boost GDP by 0.02% over the long run -- while quitting the EU is deemed due to leave Britain's economy 4% smaller 3/ obr.uk/box/impact-of-…
Safeguards in the UK-Australia trade deal aren't enough to protect British farmers, the NFU warns 1/ bloomberg.com/news/articles/…
The main controversy around the Australia trade deal is the prospect of British farmers being undercut by cheaper Australian meat produced on larger farms, which may use production methods and practices banned in the U.K., as @EmilyThornberry argued here 2/
Govt says it is protecting farmers by capping meat imports from Australia e.g. allowing only 35,000 tonnes of beef in tariff-free, with the cap gradually falling away over time. @trussliz said this cap represents 15% of all UK beef imports from the EU 3/
New: The U.K. is hiring for a director of a ‘Brexit Opportunities’ unit which will sit in the Cabinet Office, as Johnson seeks upsides outside the EU 1/ bloomberg.com/news/articles/…
The desired candidate will have “experience in economics, regulation or business’’ and will create a “cross-government strategy for regulatory change’’, the government said in a statement 2/
A separate taskforce including Iain Duncan Smith and Theresa Villiers has also published a report on post-Brexit opportunities - they urge simplifying rules and being more ‘flexible’ and ‘agile’ when regulating in future 3/
Broad terms of the agreement were finalized between Boris Johnson and Australian PM Scott Morrison at a dinner on Monday night 2/
Key question is the detail for farmers - we're expecting features like long transitions on cutting tariffs, to give British farmers chance to adjust to cheaper imports 3/ bloomberg.com/news/articles/…