Brexit pangs
Brexit, once hailed as a grand natural experiment for economists to dissect the repercussions of leaving a low-friction trade environment, has proven messier than anticipated.
Brexit, once hailed as a grand natural experiment for economists to dissect the repercussions of leaving a low-friction trade environment, has proven messier than anticipated.
The light-touch checks under the grace period for supermarket products will expire at the end of September.
Rishi Sunak, the son-in-law of Infosys founder NR Narayana Murthy and the MP from Richmond, Yorkshire, since 2015, was virtually unknown even a year ago. “Just five out of 1,191 named Rishi Sunak” in a poll conducted in December 2019 by Tim Bale, a professor of politics at the Queen Mary University.
Half a decade of the British cohabitating with their Continental cousins has now ended, launching the UK on a path of its own making, free from EU laws, able to strike trade agreements with other countries around the world, and reshape its economy, society and governance structures.
The UK was adamant throughout the negotiations that it be treated as a sovereign equal of the EU and have its independence respected. This was particularly important when it came to fishing rights – one of the last issues to be resolved.
She has utilised the opportunity to spell out the Brexit agenda, indeed the priorities of Boris Johnson’s born-again government.
Johnson insists a trade deal with the EU can be in place by the end of the transition period, but critics say this timescale is unrealistic.
On Tuesday, UK has an option to extend the transition but Johnson refuses to, and intends to enshrine the 2020 date in legislation, his office said.
Earlier on Monday, PM Johnson spoke to US President Donald Trump in a telephonic conversation and discussed bilateral ties.
Deere further said that President Trump also congratulated Johnson on his electoral victory.
