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UK Economics

Brexit minister says ‘basic’ EU deal likely even if trade talks fail

LONDON (Reuters) – Brexit minister David Davis said on Tuesday he believed Britain would agree some kind of basic deal with the European Union, even in the “very improbable” eventuality that they fail to agree a trade deal.

An EU flag flies between the statue of Winston Churchill and a Union Flag flying from the Big Ben clock tower, during a Unite for Europe rally in Parliament Square, in central London, Britain March 25, 2017. REUTERS/Paul Hackett


Davis told a parliamentary committee that even if Britain failed to strike a formal trade deal both sides were likely to have agreements in areas such as aviation that would allow planes to fly between Britain and the EU.

It is “not impossible, but very, very improbable” that Britain and the EU will fail to agree a Brexit deal, Davis told the lawmakers. “Whatever happens we will have a basic deal without the bits we really want,” he said.

Reporting By Andrew MacAskill; Editing by Gareth Jones


 A few days ago, I wrote to William (The Earl) Darthmouth MEP who is the UKIP spokesman on Trade. I mooted a proposition that pre-empted Davis’ claim that some sort of basic deal would be in force.

I suggested that due to the EU intransigence that it was pointless and a waste of time and money to continue with the farce of ‘negotiating’ with the EU and that Britain should leave the EU in its entirety on the 29th March, 2019 and become completely autonomous once again.

What May is proposing is not Brexit but a continuation of Membership for a further two years past the Brexit date including all of the things that Brexit was voted for; continued immigration, payments to the EU budget and remaining under the jurisdiction of the ECJ.

This is all very well for Commerce, but it is a betrayal of the result of the referendum vote for the ordinary people.

However, trade between Britain and the EU remains important and will doubtless carry on in one form or another. Though I detest the very thought of May’s ‘transition period’, I have proposed that the British contingent in the EU Parliament put forward the suggestion that trade maintains the status quo for a strict period of, perhaps’ two years that will allow a time of adjustment to the new trading regime but with Britain fully outside of the EU and legal jurisdiction of the scheme should only occur by the relevant Court within the Country affected. Once the period has ended, no further dealings with the ECJ will be necessary.

Such a scheme would see both sides being able to comply fully with their Constitutional requirements and should go a long way to alleviating massive unemployment on both sides, as trade can continue for the period, but more so with the EU.

It will also give the EU the opportunity to decide whether they wish to indulge in free trade with us in the manner of any other ‘third’ country and also whether they wish to impose a tariff regime with Britain that will only result in great loss to themselves.

I have been corresponding with Guy Parfitt who is William Dartmouth’s Constituency Manager and I am assured that Mr Dartmouth will receive the proposal and hopefully act upon it.

If The British MEPs act upon the proposal, perhaps it will give May reason to stop giving away Britain’s rights and assets or, at least, require her to tell the British People why she has not acknowledged it.

I will let everyone know if anything is forthcoming,

Peter Brown.

 

http://www.reuters.com/article/us-britain-eu-davis/brexit-minister-says-basic-eu-deal-likely-even-if-trade-talks-fail-idUSKBN1D02IU

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Jeremy Wraith
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Jeremy Wraith

Trade with the EEC/EU has currently cost the UK a total of over £1 trillion since we joined the EEC in 1973. Over the same period we have made a surplus in trade with the rest of the world. It is high time our politicians keep jumping to the demands of big business that is desperate to maintain its tariff free trade with the EU. This only amounts to an average of 1% duty and is equivalent to about £85/taxpayer/annum. To support this saving the UK taxpayer has been paying up to an EXTRA £1,500/annum due to our being in… Read more »

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