| UPDATED: 11:32, Mon, Feb 8, 2021
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Rod McKenzie, managing director of policy and public affairs at the Road Haulage Association, addressed the industry s concerns with the new trade rules on Sky News on Monday. It comes amid reports of a fall in British exports to the European Union following Brexit and the adoption of new trading regulations between the UK and Europe. These new trade rules have been blamed for delays and holdups at the border as businesses struggle with new paperwork and additional red tape.
BORIS JOHNSON will not let Britain be pushed around by the EU and has every right to pull the plug on the Northern Ireland protocol, Attorney General Suella Braverman has warned.
Brexit timeline (Image: Express)
There was another, equally crucial point relating to regulators who Mr Reynolds said had attempted to “fill in the gaps in EU law” through their use of “vague regulator principles”, in order to avoid making yet more rules.
Mr Reynolds said: “However, this has left matters uncertain.
“Now the regulators will be getting more powers, there will need to be more checks and balances.“
Brexit s key moments (Image: GETTY)
Since the financial crisis of 2007-2008, the regulators had been engaged in what Mr Reynolds called “regulatory challenge” of financial firms.
He stressed: “This needs to be counterbalanced with oversight of the regulators themselves.
News diary 8-14 February: Donald Trump s second impeachment trial begins
Monday
European Commission Vice-President Maroš Šefčovič is due in London this week for talks with Michael Gove on the Northern Ireland protocol. The in-person meeting follows virtual discussions last week over the events which led to the Commission triggering Article 16 of the protocol, a move which united Westminster, Stormont and Dublin in condemnation. Gove told the Commons last week that there were serious problems with the protocol and called for the extension of customs grace periods; the Cabinet Office minister can elaborate on his comments and wider UK-EU relations in an appearance before the European Scrutiny Committee on Monday.