John Redwood Bang On The Free Trade Money

John Redwood writes

“Mrs May always refused to dig in or to cease making concessions. Every time the EU dug in she gave more ground. The result was a disastrous Withdrawal Treaty which united Leave and Remain in opposition to it.

“The present PM needs to tell the EU that his Irish border proposals to get talks going are neither an invitation to assume the text of the rest of the Withdrawal treaty is fine, nor an invitation to get rid of all the best bits of the border fix from the UK point of view in subsequent one sided compromises. The press when the PM launched the ideas said it was take it or leave it. To change that approach now would be seen as weakness in Brussels.

“The best way forward now is to offer a Free Trade Agreement and no Withdrawal Agreement”.

Hear hear!

Meanwhile, today, the government

has (8 October) published an update to the UK’s temporary tariff regime if we leave the EU without a deal. The temporary tariff regime provides a balanced approach on tariffs for both consumers and producers.

British businesses would not pay tariffs on imports into the UK for the majority of goods if we leave the EU without an agreement.

This will mean lower prices in shops for consumers and the opportunity to source the best goods from around the world. For example, honey from New Zealand will see its tariff fall from 17% to zero, grapes from Brazil will reduce from around 15% to zero and other products, such as tennis rackets and wines will no longer face a tariff.

The regime would apply for up to 12 months while a full consultation on a permanent approach to tariffs is undertaken from January, as part of work to develop the UK’s independent trade policy. All businesses, interest groups and consumers will be able to share their views about the permanent tariff regime with the government through this process.

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