The customs partnership debate.

Boris Johnson, the UK’s Foreign Secretary in an interview with the Daily Mail said that Prime Minister Theresa May’s proposed customs union partnership is ‘crazy’, stating the partnership would restrict the UK’s ability to ‘strike trade deals’ and claimed it would create ‘a whole new web of bureaucracy’.

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Two key Departments for a successful Brexit “have no clear plan in the face of an impossible challenge”.

The Department for Environment, Food & Rural Affairs (Defra) and the Department for International Trade (DIT) face an unprecedented challenge in preparing for Brexit – and their preparations are being hampered by “pervasive uncertainty.” This is the stark conclusion of the UK Parliament ‘Public Accounts Committee’ report published today, 4 May 2018.

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Insurers seek clarity on contract certainty post-Brexit.

Absent any transitional arrangement, 29 March 2019 will see UK insurers losing their authorisation to carry on business in EEA countries on a services or an establishment basis. Without an agreement, such insurers risk breaching regulatory requirements, as well as potentially committing a criminal offence for carrying on regulated business without the necessary authorisations.

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