Research

IEA releases briefing on the reality of customs union membership

Summary:  A customs union with the EU would come with significant costs to the UK’s economic, trade and foreign policies. Such an arrangement would also fail, by itself, to eliminate trade ‘friction’ with the EU. To do so would also require alignment with the Single Market rules for goods. A customs union would also come ... Continue reading
Research

IEA publishes report on the EEA and EFTA models to leave the European Union

Summary:  There seem to be three broad variations to the EEA model: Not joining the European Free Trade Association (EFTA) and ‘continuing’ as party to the EEA Agreement Joining EFTA, and then becoming party to the EEA Agreement as an EFTA member Joining EFTA as an Associate Member and then becoming an EFTA party to ... Continue reading

No-Deal Fear-Checker, No. 9

The UK imports 30% of its food from the EU, an amount that will be at its peak in March due to the low availability of domestic fresh produce at that time. Much of it comes through the Calais to Dover ferry route or the Eurotunnel. As it stands, if we leave the EU without ... Continue reading
Research

No-Deal Fear Checker, No 8

According to the latest Whitehall analysis, the UK economy could be between 6.3% and 10.7% smaller in a no-deal scenario, compared to remaining in the EU. These figures refer to the level of GDP around 15 years after the UK’s new relationship with the EU comes into effect. Another study by the Bank of England ... Continue reading
Research

Chaos at UK ports would wreck supply chains

It is often claimed that a no-deal Brexit would cause chaos at UK ports, with long delays at critical bottlenecks such as Dover, and motorways turned into vast lorry parks. This would be especially damaging for businesses that rely on complicated cross-border supply chains, notably in high-value manufacturing, or which are otherwise particularly time-sensitive, such ... Continue reading
Research

IEA's International Trade and Competition Unit releases briefing on the Backstop

Summary:  The provisions of the Protocol deliver what has become known as the ‘backstop’ for the Irish border. They come into effect if no other agreement that addresses the issues in connection with the Irish border has been reached by the end of the Transition Period on 31 December 2020, or any extension of that ... Continue reading
Research

Julian Jessop analyses the proposed Withdrawal Agreement

Summary UK and EU officials have agreed the text of a draft Withdrawal Agreement and an outline of a ‘political declaration’ on the future UK-EU relationship. The transition period anticipated in the Withdrawal Agreement will effectively keep the UK in the Customs Union and the Single Market until the end of 2020, with all ‘four ... Continue reading
Research

UK must embrace innovation to make farming economically & environmentally viable, says new IEA report

Innovation in farming has led to higher crop yields which, in turn, have allowed more land to be spared from farming than would otherwise have been the case. Raising yields further to feed a growing global population will require new technologies to be embraced, including genetic modification, gene silencing and editing, as well as developments ... Continue reading
Research

A Free Trader's Perspective

Summary: This paper is intended to serve several related purposes. First, it is to persuade policymakers and the public in both the United States and the United Kingdom that it is in their respective national interests to enter into a comprehensive bilateral trade and investment agreement. Specifically, the goal is to establish that the type ... Continue reading
Research

No-Deal Fear Checker, No. 6

Although the EU has been influential in the development of equalities legislation, Brexit would be unlikely to put these rights in jeopardy. Historically, the UK has led the way when it comes to women’s rights and workplace and family protections, and this will surely continue. The worry that undermining women’s rights is part of a ... Continue reading