Monday, January 21, 2019

How the #BetterDeal proposal can solve the Brexit deadlock

While the usual suspects fight the same, tired fight over Brexit in Parliament, a group of MPs has attempted to change the narrative by proposing a fresh approach.

The "A Better Deal and a Better Future" offers a realistic solution based on Tusk's FTA offer of last year while reaching across the house to offer a compromise: it crucially acknowledges that a deal is preferable and suggests using WTO rules as a temporary backstop should negotiations not be completed in time for 29th March.

Under WTO terms the UK would be able to continue to trade with the EU without having to impose tariffs or quotas in the interim (the ultimate legal authority to grant such preferences is Article 24 of GATT) and without the need to impose a hard boarder in Ireland. 

The proposal is authored by senior Conservative MPs including Steve Baker, Sir Bernard Jenkin, Sir William Cash MP, Lord Lilley and Marcus Fysh MP as well as noted trade negotiator Shanker Singham. It is also supported by Jacob Rees-Mogg, David Davis, Boris Johnson, Dominic Raab, Priti Patel, Esther McVey and others.

Click here to read more about #BetterDeal.

Monday, January 14, 2019

Why the Government’s Brexit deal is bad for British financial services

The Withdrawal Agreement renders UK Financial Services vulnerable to over-eager EU regulations, with French and German politicians in particular looking to seize the opportunity to introduce a financial transaction tax that would see business move to New York. Meanwhile the forecasts of a mass exodus from the City have been revised down considerably as the institutions and regulators have got down to the business of actually working out what is necessary to manage the change.

We urge MPs to vote against the Prime Minister’s proposed Withdrawal Agreement (WA) for the future prosperity and protection of Britain’s largest and highest employing and exporting industry.