Manufacturers urge clarity on post-Brexit trade

  • 📰 BBCNews
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 97%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

As Britain prepares to leave EU, businesses say the future trading relationship remains unclear.

"Without a level playing field on environment, labour, taxation and state aid," said the European Commission President, Ursula Von Der Leyen, in a recent speech in London,"you cannot have the highest quality access to the world's largest single market."

Participants in the meeting with Michael Gove also raised concerns about what's known as"rules of origin". It means companies have to prove that the components or ingredients in their product - flour in a loaf of bread for example - actually come from the customs territory that is doing the exporting.

"There's a whole world of pain for the exporter and the retailer," said Mr Wright,"if those matters are not resolved, and resolved as close as possible to the current arrangements."Finally there's the question of what might happen to the baffling array of rules and regulations that protect product standards.

"There's the equivalent of about five phone books worth of rules that determine how you make a car," Mike Hawes explained."If you start changing those rules you have to make that car to a different recipe."So, which rules will the UK choose to maintain, and which ones might it seek to change?The government says the UK will not be a rule-taker, and there will be no wholesale alignment with the EU.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

when he increases the austerity which he's going to, the chance of car sales within the UK will take a steeper nose dive than what it is experiencing now. export export export is your only chance-will the EU market stay open for business? tariffs etc.. dark clouds gathering?

There will be none. You voted for the Tory government and Brexit- you live with the consequences

They already have clarity. Patrick Minford, the most Brexity of Brexit economists, has been unambiguous and consistent about what's intended for manufacturing:

Sure would be nice to know about compliance... will we be aligning with CE or will we have to pay for two lots of compliance testing to get this mystical and non-defined 'UKCA' too? It's not like business needs to plan, budget or anything serious. We'll just wing it, yeah? 👍

Shouldn't we have clarity by now? We're leaving tomorrow. Isn't that kind of a red flag? 🤔

Won't get it

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in COİN

Coin Coin Latest News, Coin Coin Headlines