No Deal OT26 Feb 2019 10:45
Sorry about this mid-week but there's not much, correction, nothing going on.
I posted this on ADFVN when talking about the possible effects of a no deal Brexit on the German deal. These are sections of an article written in the Telegraph by Marcus Fysh MP and member of the Commons European Scrutiny Committee so I guess he knows something about the subject. So much for "no deal". What really annoys me is that the Government has not published or highlighted these arrangements. The impression we have been given is that a no deal Brexit would be complete chaos when we can see that most things will carry on as usual. I never really believed in "The Establishment" until now but the manipulation and downright lies I've witnessed during this sorry process has changed my mind completely and shattered any faith I had in the political process. Labour MPs supporting The Establishment, do they know it?
"On 8th January, the EU published its decision on how it would allow existing UK whole vehicle certifications to be registered in the EU, so UK-tested products can be sold in the EU, and the UK won’t stop parts coming in from Europe, indeed the Government’s web site says the UK will accept EU certifications. In future, it may well make sense for there to be a technical services agreement to recognise each other’s testing authorities on future whole vehicle approvals. The EU and UK are already parties to UNECE agreements that mandate mutual recognition of testing of auto parts
In December, the EU’s contingency intentions and unilateral actions were published so businesses could plan. The upshot is that haulage permits will function either side of the Channel, almost all checks will be performed away from Calais, aircraft and aerospace parts will fly and may be registered to be recognised as safe and marketable, and UK agriculture will be put on the EU’s “third country” lists so product will be marketable in the EU (as Michael Gove should have told the NFU).
More recently, the EU has decided euro clearing and derivative clearing services in the UK will be available in the EU, Ireland has said UK insurance will be recognised, postponed accounting for cross border VAT will operate similarly to now, health systems will cooperate, there will be reciprocal extradition arrangements, and electricity interconnect licences for the island of Ireland Single Electricity Market will be approved.
The UK also in January announced its implementation of simplified customs procedure and postponed accounting for VAT, so imports will flow freely, and measures to expedite export flow are also coming together. The Government has made serious money available to business to get themselves ready for these new processes, and the Government has now identified that the ongoing cost of customs administration is at a level which is a tiny fraction (between 10 and 300 times less) than the cost assumption they had used in their impact assessments of World Trade terms last year
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