Key points discussed by Professor L Alan Winters, Lord O’Donnell and Amar Breckenridge at a Trade Knowledge Exchange Webinar

The UK’s White Paper on future arrangements with the EU sets out the governments negotiating position – both internally, in a bid to reconcile diverging factions, and externally, in a bid to meet some of the EU’s concerns.

The White Paper proposes a grand bargain:  deep integration in goods as if in a customs union, which is intended to meet concerns about cost-shocks to supply chains and concerns about a hard Irish border, but with an experimental approach to customs administration that would allow the UK to set its own tariffs as if it were NOT in a customs union; and second, leaving the single market for services in return for leaving the single market’s rules on the movement of people. Along with Professor Alan Winters at Sussex, we look at the prospects and possible impacts of the UK’s position.

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