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Since we're doing EU trade deal or not this morning, here's some of the most important considerations:
Tariffs if no-deal - particularly affecting UK exports of food and cars, also trade between Northern Ireland and GB, UK may be forced to revisit our inward tariffs... 1/
Tariffs if no-deal - particularly affecting UK exports of food and cars, also trade between Northern Ireland and GB, UK may be forced to revisit our inward tariffs... 1/
Customs and regulatory barriers - increased if deal, significantly increased if no-deal, also no-deal means no process for cooperation
Data transfers - technically outside deal, but presumed linked. Potentially much greater barriers https://www.euractiv.com/section/data-protection/news/commission-uncertain-on-future-uk-data-adequacy-agreement/
Data transfers - technically outside deal, but presumed linked. Potentially much greater barriers https://www.euractiv.com/section/data-protection/news/commission-uncertain-on-future-uk-data-adequacy-agreement/
Financial services equivalence - also presumed linked to a deal - so barriers to UK companies higher if no-deal
UK staff working across EU - harder anyway, more so with no-deal
EHIC / free mobile roaming - unlikely to continue deal or no-deal https://www.ft.com/content/e1c1b7a7-0c18-4e8e-8a25-3b3c671c040f
UK staff working across EU - harder anyway, more so with no-deal
EHIC / free mobile roaming - unlikely to continue deal or no-deal https://www.ft.com/content/e1c1b7a7-0c18-4e8e-8a25-3b3c671c040f
Trade barriers with Switzerland, Turkey, Norway, Iceland higher deal or no-deal, but more so with no EU deal
Haulage - new restrictions with deal, much worse if no-deal
Right to provide services - much more limited than now deal or no-deal
Haulage - new restrictions with deal, much worse if no-deal
Right to provide services - much more limited than now deal or no-deal
Other major new barriers to trade I might have overlooked? VAT perhaps?
Anyway, not to say all UK business will be affected by no-deal compared to deal. But plenty will be, some hugely so as Dmitry suggests.
That's the price of 'standing up to the EU' https://twitter.com/DmitryOpines/status/1301040712042139648
Anyway, not to say all UK business will be affected by no-deal compared to deal. But plenty will be, some hugely so as Dmitry suggests.
That's the price of 'standing up to the EU' https://twitter.com/DmitryOpines/status/1301040712042139648
The @instituteforgov has a more detailed EU deal v no-deal explainer. https://www.instituteforgovernment.org.uk/publication/future-relationship-brexit-deal/border
