Skip to main content

NI negotiations in progress.

 Sir Tim Bar­row, the prime min­is­ter’s national secur­ity adviser and former ambas­sador to the EU, has been deployed to help with the dip­lomacy around the highly sens­it­ive dis­cus­sions.


Brexit

Simon Case, cab­inet sec­ret­ary, is said by col­leagues to be play­ing an increas­ingly import­ant role, draw­ing on his exper­i­ence of EU nego­ti­ations. The case led to early dis­cus­sions on the Irish bor­der prob­lem thrown up by Brexit.

Three people famil­iar with the talks said there had been a «sig­ni­fic­ant» step for­ward and that the out­line of a frame­work agree­ment was crys­tal­lising.

But two EU insiders cau­tioned that con­vert­ing the out­line of a deal into a viable polit­ical agree­ment «depended a lot» on whether Sunak could sell the deal in Lon­don.

Talks between Lon­don and Brus­sels have intens­i­fied in recent weeks to thrash out a deal to min­im­ise the impact of the North­ern Ire­land pro­tocol, which cre­ated a trade bor­der in the Irish Sea.

Sir Jef­frey Don­ald­son, the DUP leader, has repeatedly said any deal must «restore our place in the UK».

A deal will turn on whether the agree­ment can reduce checks at the Irish Sea trade bor­der to man­age­able levels and resolve the role of the European Court of Justice in enfor­cing the pro­tocol.

A sys­tem of «red» and «green» lanes is expec­ted to form the basis of a plan to reduce checks on goods going from Great Bri­tain to North­ern Ire­land, with products destined to remain in the region being clearly labelled.

www.sba.tax

Comments

  1. They need to solve this right away so things can return to normal. A lot of businesses and people are suffering because of this specific issue. It needs solving very fast.

    ReplyDelete
    Replies
    1. I wonder why they don't just go to the way things were before Brexit, with a few changes that naturally need to be made. Why does it have to be so complicated? I'm sure I'm missing a lot of parts here, but I just want this solved already.

      Delete

Post a Comment

Cloud Bookkeeping

US FED rate rise.

  The US Federal Reserve officials have indicated that they plan to resume increasing interest rates to control inflation in the world's biggest economy. During the June meeting, the Federal Open Market Committee reached a consensus to keep interest rates stable for the time being to evaluate whether further tightening of policy would be necessary. However, the majority of the committee anticipates that additional rate increases will be required in the future. The minutes of the meeting have recently been made public. According to the minutes, most participants believed maintaining the federal funds rate at 5 to 5.25 per cent was appropriate or acceptable, despite some individuals wanting to raise the acceleration due to slow progress in cooling inflation. Although Fed forecasts predicted a mild recession starting later in the year, policymakers faced challenges in interpreting data that showed a tight job market and only slight improvements in inflation. Additionally, officials gr...

EU business slide.

  S&P Global’s flash eurozone composite purchasing managers’ index, a key gauge of business conditions for the manufacturing and services sector, fell 1 point to 47.1, figures showed yesterday. That is its lowest level since November 2020 and the fourth consecutive month below the crucial 50 mark separating growth from contraction. One of the few bright spots in the survey was that companies in all sectors reported a slight easing of cost pressures, price growth and supply chain constraints. However, prices charged for goods and services still rose at the sixth fastest rate since such data started in 2002. Jobs growth increased marginally from October but remained low compared with the past 18 months. Following a few months of falling price pressure in manufacturing and services, the October print shows an overall stabilisation said Jens Eisenschmidt, chief European economist at Morgan Stanley. However, German businesses, at the hub of Europe’s energy crisis, reported that manu...

Tariffs on UK electric cars.

  The European Commission has confirmed that it will continue with its plan to impose tariffs on electric cars exported between the UK and EU starting next year. This is due to the "rules of origin" requirement that mandates EVs traded across the English Channel to have 60% of their battery and 45% of their parts sourced from the EU or UK or face a 10% tariff. A senior Commission official, Richard Szostak, recently informed parliamentarians from the UK and EU that the bloc's battery investment has significantly declined, making the tariffs necessary to encourage domestic production. In 2022, the EU's share of global investment in battery production shrank from 41% to only 2% after the US offered substantial subsidies through its Inflation Reduction Act. Starting in 2024, car manufacturers in the UK will need to have 22% of their sales come from zero-emission vehicles, which means they may need to import EVs from the continent to meet this requirement. If EU carmakers ...