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Retail Food and Hospitality Brexit round up 25 November

25 November 2018
Brexit Flags
We know that Brexit is one of the key issues you need to keep abreast of in order to plan for the future of your businesses. We have started this dedicated weekly update to help you stay ahead.

Key take away this week

We finally have the Withdrawal Deal and the associated political declaration about the future with both having been approved by the EU.  Now, we just need the UK to approve it in order to move 'forward'.   While it is good that we have a deal, it appears that the reality of a deal is setting in and the cost associated with the benefit of autonomy.

This deal is just the end of the beginning of the process of getting us to the where we need to be and a clear future relationship with the EU.  Many column inches have been dedicated the backstop, but more likely is that the power to extend the transition period will be used to allow the future relationship to be properly agreed.  And, with previous trade deals taking at least 5 years for a much narrower deal it is very likely that this would be for a substantial period. 

Brexit Developments

DEXEU publish final versions of the UK EU withdrawal agreement and political declaration and explanatory materials: View>

Prime Minister acts to explain and gather support for Brexit deal: The Prime Minister's Office have published copies of:

The Prime Minister's statement to Parliament on 22nd November View>

The Prime Minister's statement to the European Council on 25th November View>

A list of 40 reasons to support the Brexit deal View>

‘A letter to the nation’ – 25th November View>

A report of a meeting with Northern Irish organisations View>

Reactions to withdrawal agreement and political declaration: The following organisations have commented on developments during this week: Confederation of British Business> Business Europe>  British Chambers of Commerce> Federation of Small Businesses> Scottish Government>

FCA consult on permissions and authorisations: As part of its Brexit preparations the Financial Conduct Authority has issued a further consultation – Closes 21st December View>

Standardisation in the single market: EU DG Growth has launched a package of measures aimed at making standardisation work more effectively to support the single market View>

 

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