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29 July 2021

Yohannes Ayele is Research Fellow in the Economics of Brexit at the University of Sussex and Fellow of the UKTPO.

Since 1 January 2021, the UK’s trading relationship with its biggest and closest trading partner—the EU—has been governed by the Trade and Cooperation Agreement (TCA). Although the TCA is a zero-tariff and quota-free trade deal, several reports indicate that it is having a negative impact on the UK’s trade with the EU (see, 1, 2, and 3). While looking at the aggregate effect of the TCA on the UK trade is important, such analysis also misses the substantial differential impact of the TCA across the UK’s devolved administrations and regions.

Regions in the same country can be affected differently by new trade barriers because of the difference in industrial production structure and, second, the differential exposure of industries to trade policy changes. In this blog, we provide a brief report on how the UK’s regional trade with the EU fared in the first quarter since the introduction of the TCA. (more…)

July 29th, 2021

Posted In: UK- EU

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05 June 2020

Businesses should expect more paperwork, bureaucracy and additional costs on trade between Northern Ireland and Great Britain when the transition period ends in seven months’ time.

The UK’s recently published Command Paper highlights significant differences between the UK and the EU and does not fully address the challenges which come from the special situation around that border, warns our latest Briefing  Paper – The unresolved difficulties of the Northern Ireland Protocol – co-authored by Prof Michael Gasiorek and Dr Anna Jerzewska. The paper highlights several areas where the UK’s interpretation of what was previously agreed appears to differ from the EU’s position. (more…)

June 5th, 2020

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16 April 2020

Peter Holmes is a Reader in Economics at the University of Sussex and Fellow of the UK Trade Policy Observatory.

At the time of writing the UK is seeing food supplies returning to normal. It is worth asking what the experience of the first three weeks of lockdown can tell us about the causes of the apparent shortages and the implications for the future.

There is a hope that now everyone’s spare rooms are full of toilet rolls and cans of beans and the supermarkets are fuller, stocks will get back to normal. But it may not be quite as simple. Are shortages just due to excessive stockpiling or real supply constraints? And if the latter how does trade fit in? (more…)

April 15th, 2020

Posted In: UK - Non EU, UK- EU

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01 October 2018

Dr Ingo Borchert is Senior Lecturer in Economics, and Dr Peter Holmes is a Reader in Economics, both are fellows of the UK Trade Policy Observatory. 

The UK Government is currently proposing to the EU, broadly speaking, to adopt a common rulebook for goods.  By contrast, not much if anything is sought in the realm of services, let alone movement of people or other areas of the Single Market.  Part of the EU’s response has been that goods and services are so interlinked that one cannot have a goods only single market.  Is this response just posturing as part of the negotiations process, or are there real issues with separating goods and services? (more…)

October 1st, 2018

Posted In: UK- EU

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23 August 2017

Dr Peter Holmes Reader in Economics at the University of Sussex and Fellow of the UKTPO

The government’s new paper  “Continuity in the availability of goods for the EU and the UK – a position paper“ acknowledges the problems that will be created by a hard Brexit in which there is a disruption in the systems for verifying compliance with mandatory standards.

The problem is that its substantive proposals deal with only the most immediate disruptions in the sale of goods that are already in the supply chain at the moment of Brexit. The official description acknowledges this: “This paper outlines the UK’s position on continuity in the availability of goods in UK and EU markets at the point of EU exit” (my italics).

Yet, the key requirement for the British economy is that there needs to be a permanent system in place for ensuring that UK product inspection systems are recognised by the EU for goods made after Brexit. (more…)

August 23rd, 2017

Posted In: UK- EU

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