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.
The broader 50-scrip Nifty at National Stock Exchange (NSE) was at 11597.85 points with a fall of 6.25 points or 0.05 per cent.
On MCX, gold futures prices increased 0.42% to ₹38,040 per 10 gram, while, Silver rose 0.46% to ₹45,382 per kg.
A letter Johnson was forced by law to send to the bloc after failing to secure backing for his deal on October 19 called for a three-month extension.
The bill was published just hours after the speaker of the House of Commons, John Bercow, rejected a government's bid for a meaningful vote on the London-Brussels Brexit agreement in the day.
Johnson's Brexit deal ditches the backstop, the "insurance policy" designed to prevent a return to physical checks on the Irish border which will, in effect, draw a new customs border in the Irish Sea, because goods which could then travel onwards to Ireland will have to pay a duty tax.
