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Originally Posted by OLD BOY
These are the main areas to be negotiated and none of this should be news to anyone, and so I don't understand why some are saying that the Government needs to be clear on this.
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I fully appreciate that it all seems a bit distant but here's just one of the many issues that businesses need clarification on. Google the article headline to read the full article. Can the UK set up 34 industry regulators in two years? Who pays for the extra costs involved?
Business faces ‘confusion’ over post-Brexit regulation, CBI warns
Businesses in Britain face “confusion and uncertainty” over the post-Brexit regulatory regime with the UK having to maintain or copy the work of no fewer than 34 European regulators, the CBI employers’ group has warned.
With sectors from life sciences to medicine to financial services under the auspices of EU watchdogs, Theresa May, prime minister, must decide whether to extricate the UK from all of those bodies after leaving the bloc.
Questioned on the issue in the Commons on Monday, Mrs May said no decision had been made and the Brexit department was studying all of the regulators before making a decision: “We need to look with great care and consideration at the wide range of our relationships with Europe,” she replied.
Yet staying under the auspices of any European regulator would leave Britain under the influence of the European Court of Justice — breaching a Brexit “red line” set by the prime minister herself in her speech to the Conservative party conference this autumn. “We are not leaving only to return to the jurisdiction of the European Court of Justice,” she said.
Replicating work currently performed by EU agencies by setting up UK equivalents would come at a “huge cost” to taxpayers, said Pat McFadden, a senior Labour MP. “It would be sensible to approach these European agencies on a case-by-case basis. But the issue of the ECJ is a problem that the prime minister has created for herself by making this a red line.
The aerospace and aviation sectors, which contributed £52bn to UK GDP last year, are deeply concerned at the prospect that Britain will pull out of the EASA, which sets rules for certification of everything from aircraft and their components to flight training schools. Recreating a domestic regulatory system in the UK would be expensive and take years, say executives.
https://www.ft.com/content/7dc9a004-...9-9445cac8966f
---------- Post added at 17:44 ---------- Previous post was at 17:38 ----------
Good article.
Brexit facts to get you through that awkward Christmas dinner 
https://www.theguardian.com/politics...ristmas-dinner