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Why a thin deal is better than no-deal for Britain s businesses

SHARE this week, he was surprised by the man’s take on the UK s Christmas Eve trade deal with the EU . While the owner of an imports and exports business which trades with EU countries described himself as “real Remainer”, when news of the deal broke he rushed to the fridge to retrieve a bottle of Champagne he was saving for Christmas Day to toast the news with his wife. “He had done so because he knew what the impact of no deal would have on his business. It was hard to hear somebody say that they were celebrating this deal, but I understand why,” said Mr Kyle.

With a Brexit agreement finally reached, what steps do both sides need to take to ratify the deal?

But this isn t likely here Dr Joelle Grogan from Middlesex University London told Euronews: These agreements take years. On average, I think it is between three to four years of just negotiations and then typically, another two years to implement. What we are talking about with regard to Brexit, is negotiations in one year during the transition period, ratification now in less than a month, and implementation almost immediately. This creates huge issues in regards to legal certainty. Ratification means that the trade deal needs to be signed off by all the key players involved. What needs to happen in the UK?

Brexit news: Extending transition period is harder than agreeing a deal | Politics | News

| UPDATED: 10:10, Tue, Dec 22, 2020 Link copied Sign up for FREE now and never miss the top politics stories again SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. The transition period is set to end on December 31 with or without a deal in place. But the Scottish First Minister said it was imperative to put Britain’s exit of the EU on hold in wake of the new strain of coronavirus.

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