As anticipated, both sides agreed on a zero tariffs/quota trade deal just in time for Christmas. But the limited nature of the deal leaves many questions unanswered, chief among them the outlook for the (financial) services sector. Respective talks began this week, as a first deadline looms in March. Given the underlying political fluidity in the UK, however, uncertainty in this area is likely to persist for many years to come.
The 2020 deal deviated from previous expectations in only two aspects. First, it contains even less ambitious provisions on regulatory cooperation; second, it introduc
- January 7, 2021
- 17:27
Europe
UK/EU: New year, new deadlines, new (slow-moving) drama
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