UK “underestimated the chilling effect” that Brexit would have on trade

Lord Frost, the UK’s chief Brexit negotiator, has finally confirmed Brexiters “underestimated the chilling effect” that Brexit would have on UK trade with the European Union.

But interviewed on the 5th anniversary of the UK’s Brexit referendum, he confirmed the concept of “sovereignty” was still the crucial issue for post-Brexit trade policy.

Frost was personally appointed by Boris Johnson, UK premier, and his views represent government policy. His beliefs were set out last year in Brussels, and represent a very narrow view of what “sovereignty” means in practice:

“It is central to our vision that we must have the ability to set laws that suit us.”

This concept is the guiding light for the UK post-Brexit policy.

There is, of course, a certain irony in Frost’s own personal position as an unelected bureaucrat. The Leave campaign constantly complained that EU27 policy was made by “unelected bureaucrats”.

But the key takeaway for businesses from Frost’s comments is, unfortunately, very clear. Their interests don’t count for much when it comes to deciding post-Brexit policy.  Leave’s sovereignty dogma wins every time, with just one exception.

Johnson is desperate to sign a US trade deal.  And as US President Joe Biden made clear to him, ahead of the recent G7 summit, the US won’t agree to even start the process if there is any threat to the Good Friday Agreement.

So N Ireland businesses can now be reasonably confident that the UK will end up implementing the N Ireland Protocol, given it is a signed international treaty.  In turn, N Ireland businesses will be free to take full advantage of their unique status as:

  • Part of the EU’s single market and also
  • Part of the UK internal market

For other UK businesses, however, the sad truth is now very clear. Their interests will always be secondary to the political dogma behind Brexit.

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How Ready for Brexit
can help you

  • We can help you redesign your business model and survive Brexit
  • Our consulting team have personal experience of operating before the Single Market and Customs Union
  • We know the issues and can help you solve your problems

 

We can help you deal
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Customs and Tariffs
Rules of Origin
Northern Ireland
Incoterms
REACH

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EDITOR’S NOTE  |  NEWS  |  ANALYSIS  |  INTERVIEW

How Ready for Brexit
can help you

  • We can help you redesign your business model and survive Brexit
  • Our consulting team have personal experience of operating before the Single Market and Customs Union
  • We know the issues and can help you solve your problems

 

We can help you deal
with key Brexit issues

Customs and Tariffs
Rules of Origin
Northern Ireland
Incoterms
REACH

RECENT NEWS

EDITOR’S NOTE  |  NEWS  |  ANALYSIS  |  INTERVIEW

How can Ready for Brexit help you?

We can help you redesign your business model and survive Brexit.
Our consulting team have personal experience of operating before the Single Market and Customs Union began.
We know the issues and can help you solve your problems.

We can help with the key issues: