Businesses are being urged by government to prepare for new trade rules with the EU, regardless of the outcome of the negotiations.
Notably, government advice about what businesses need to know about ‘Trading under WTO rules’ was updated today (26 November), amid renewed speculation that the UK and EU may fail to secure a trade deal.
In the event of a no-deal Brexit, the UK will trade with the EU under tariffs set at WTO level – a significant increase on the tariff-free trade it has nows.
The prime minister also ruled out any extension to the transition period beyond 31 December yesterday.
Businesses are being reminded by government to take action now to prepare for 1 January, saying that new customs processes – including completing customs declarations – will be required regardless of the outcome of the talks.
The Department for Business, Energy and Industrial Strategy (BEIS) have urged businesses to prepare now, including the following steps:
- Watch this video from the Cabinet Office to find out about changes that will take effect post-transition
- Use the transition checker tool for a personalised summary of the actions different business need to take
- Stay up-to-date with the latest developments by signing up to receive a weekly email bulletin and attending a business sector webinar
Source: IoE&IT
The best football player ever has left us today. Diego Armando Maradona. The Legend.
For me he is the best player ever, by far. I was 22 years old when Maradona almostnon hos owm won the world cup in Mexico 1986. I habe never seen anything like his performance then, before or after.
He had a hard life and never forgot where he came from.
Once I got the honor to sit in his chair at La Bombonera in Buenos Aires. One of my best travel memories ever. Goodbye Diego. R.I.P.
There is a landing zone for a deal. That is what I hear from multiple sources.
Negotiators are exploring the idea of review clauses to break the deadlock in EU-UK trade talks, with the possibility that parts of the deal could be revisited several years after they take effect.
EU diplomats said the two sides are discussing whether review clauses and transitional arrangements have the potential to ease the pain of compromises needed to get an agreement done — but warned that both sides still have very different views of how this might work.
Brexit talks are continuing virtually this week after a member of the EU negotiating team tested positive for Covid-19 — the positive case forced EU chief negotiator Michel Barnier and senior members of his team to go into self isolation on Thursday.
You can read the article here: EU and UK negotiators turn to review clauses in bid to unlock deal
Source: FT