Monday, November 29, 2021

Why Brexit never left for business

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AAs much as the government and the ore leavers may wish, Brexit refuses to leave. With soaring inflation, interest rate hikes as early as next month, and supply and labor shortages in the country, the economy just needs more tensions with its largest trading partner, the European Union.

However, in recent weeks tensions between the UK and the EU over the Northern Ireland Protocol have increased, with talks between Lord David Frost and Commissioner Maros Sefcovic reportedly making limited progress.

The NI protocol signed by Boris Johnson aims to avoid a hard border between Northern and Southern Ireland. However, as the EU requires controls on imports of goods from outside the zone, it was agreed that controls would be carried out instead on goods entering Northern Ireland from the rest of the UK, creating a border in the Irish Sea.

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