Commentary: Preserving Britain’s place in the EEA
By David Owen in London
The UK intends to remain a member of the European Economic Area on the same grounds as Norway, Iceland and Liechtenstein. There will be a deep free trade agreement in place on 30 March 2019 and no need to take recourse to World Trade Organisation tariff schedules for intra-EEA trade. Continuing in the EEA on this basis could unite many different viewpoints in parliament because, first, the UK would maintain significant control, and second, this approach leaves longer-term trade policy issues to be settled later.
Read the full commentary on the website.
Hetal Mehta, senior European economist at Legal & General Investment Management, Denis MacShane, former Europe minister under Prime Minister Tony Blair, and Amand Menon, director of the UK in a Changing Europe Initiative, discuss the contents of the Brexit deal with the EU, scenarios around Prime Minister Theresa May losing the 11 December UK parliamentary vote, challenges of defining a future EU-UK relationship, and implications for businesses and investors.
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