Britain sets out plans for ‘no-deal’ Brexit

The United Kingdom has published 25 so-called technical notices advising companies and people how to prepare for any disruption that might arise from a disorderly Brexit where there is no deal with the European Union.

Below are the highlights of what happens if the UK leaves the EU with no deal:

Trade

  • The free circulation of goods between the UK and EU will cease.
  • Companies trading with Europe would face new paperwork to cover customs and safety declarations.
  • Businesses would also have to apply the same customs and excise rules to goods moving between the UK and the EU as they currently apply when trading with a country outside the EU. Value Added Tax (VAT) could also have to be paid up front, potentially affecting cash flow.

Tariffs

  • Britain would introduce new, baseline import tariffs and rules-of-origin requirements for trade with World Trade Organisation member countries. In a no-deal Brexit, they would apply to EU countries too.
  • The tariffs could differ from those the EU applies to imports from outside the bloc.
  • The paper reiterated that the UK intended to continue offering unilateral trade preferences to developing countries and would seek to replicate the EU’s free trade deals with countries around the world to avoid disruption for exporters.

Financial services

  • Britons will have to pay more to make card payments in the European Union and businesses on the continent could be cut off from investment banks in London.
  • In contingency planning for financial services, the government said it would take unilateral action on several fronts to minimise disruption.

State aid

  • The government will create a UK-wide subsidy control framework to ensure continuing control of anti-competitive subsidies.
  • Under the European Union (Withdrawal) act, EU state aid rules will be transposed into UK domestic legislation.
  • This will apply to all sectors and will mirror existing block exemptions as allowed under current rules, including the Agricultural Block Exemption Regulation, and the Fisheries Block Exemption Regulation.
  • The Competition and Markets Authority (CMA) will take on the role of enforcement and supervision for the whole of the UK.

Pharmaceuticals

  • The UK will have its own system to regulate human drugs and medical devices.
  • Companies will have to submit regulatory information on drugs, medical devices and e-cigarettes directly to the UK’s Medicines and Healthcare Products Regulatory Agency (MHRA).
  • UK will continue to accept batch testing of medicines carried out in EU countries.
  • EU blood directives will no longer apply to the UK. The government is working to ensure blood safety and quality from day one.

Nuclear

  • A new UK nuclear safeguards regime will come into force run by Britain’s Office for Nuclear Regulation.
  • All operators in the UK civil nuclear sector will need to comply with new safeguards regime.
  • Euratom ownership of special fissile material in the UK will end, operators will have full ownership. — Al Jazeera

Subscribe to the M&G

These are unprecedented times, and the role of media to tell and record the story of South Africa as it develops is more important than ever.

The Mail & Guardian is a proud news publisher with roots stretching back 35 years, and we’ve survived right from day one thanks to the support of readers who value fiercely independent journalism that is beholden to no-one. To help us continue for another 35 future years with the same proud values, please consider taking out a subscription.

Agency
External source

Related stories

Alassane Ouattara: In the eye of Côte d’Ivoire’s perpetual succession crisis

His road to the presidency was anchored in contention and acrimony, and if his bid is successful, Alassane Ouattara will have ruled for two decades when all is said and done.

An African free trade area is in our sights

Successes and failures from other initiative such as the European Union will be instructive, but much work must be done before the African Continental Trade Area becomes a reality

Study shows land redistribution can create new jobs in agriculture in South Africa

When South Africa eventually emerges from the fog of the Covid-19 crisis, will policy makers be ready to grasp the nettle of farm scale, and promote the large-scale redistribution of land to small-scale producers?

Africa can build back better after Covid-19

The continent’s interconnectedness is what will be its catalyst for recovery

Three months in, Covid-19 poses triple threats in Africa

Health, debt and hunger are huge threats to the continent’s stability

Covid-19: An opportunity for universities to regain public trust

The coronavirus pandemic has brought the role of universities in nurturing scientific inquiry and evidence-based policy-making to the fore
Advertising

Subscribers only

The shame of 40 000 missing education certificates

Graduates are being left in the lurch by a higher education department that is simply unable to deliver the crucial certificates proving their qualifications - in some cases dating back to 1992

The living nightmare of environmental activists who protest mine expansion

Last week Fikile Ntshangase was gunned down as activists fight mining company Tendele’s expansions. Community members tell the M&G about the ‘kill lists’ and the dread they live with every day

More top stories

Fifteen witnesses for vice-chancellor probe

Sefako Makgatho University vice-chancellor Professor Peter Mbati had interdicted parliament last month from continuing with the inquiry

Constitutional Court ruling on restructuring dispute is good for employers

A judgment from the apex court empowers employers to change their workers’ contracts — without consultation

Audi Q8: Perfectly cool

The Audi Q8 is designed to be the king in the elite SUV class. But is it a victim of its own success?

KZN officials cash in on ‘danger pay for Covid-19’

Leadership failures at Umdoni local municipality in KwaZulu-Natal have caused a ‘very unhappy’ ANC PEC to fire the mayor and chief whip
Advertising

press releases

Loading latest Press Releases…

The best local and international journalism

handpicked and in your inbox every weekday