The UK could end up permanently caught in trade agreements that were only meant to be temporaryby Kenneth Armstrong / June 22, 2017 / Leave a comment
This week, we learned three important things about Brexit.
Firstly, with David Davis and Michel Barnier finally kicking off Brexit talks on 19 June, the UK has accepted that the negotiations will be phased in the way the EU demanded.
Only if sufficient progress is made on the rights of citizens, the UK’s Brexit bill and the impact of Brexit on Ireland will EU negotiators turn to the future UK-EU relationship. That means there will be no formal trade talks until, at the earliest, October—six months into negotiations.
Secondly, on 20 June, the Chancellor of the Exchequer Phillip Hammond finally admitted the need to negotiate “mutually beneficial transitional arrangements”, which he admits could last for years, to bridge the gap between the UK’s departure from the EU and its arrival at some future and final destination.