In a recent article on the POLITICO.EU website it was reported that:
“Brussels is contemplating another way to keep U.K. trade going with the EU after Brexit that would also keep Britain under the EU umbrella — go the way of Norway.
Brussels now has a plan B: The U.K. could temporarily become a member of the European Free Trade Association (EFTA) while both sides transition into their future relationship, a senior Commission official told POLITICO. Continue reading Brussels open to UK rejoining EFTA→
Something has changed within me, something is not the same
I’m through with playing by the rules of someone else’s game.
Too late for second-guessing, Too late to go back to sleep
It’s time to trust my instincts, Close my eyes and leap!
It’s time to try, Defying gravity
I think I’ll try, Defying gravity
And you can’t pull me down!”
Wicked the Musical – ‘Defying Gravity’
In a recent report called ‘Can Global Britain Defy Gravity?’, trade experts Samuel Lowe and Grant Lewis have explored some of the issues which will be faced by Britain post-Brexit.
The report is well worth a read, and we urge you to do so before you continue reading.
The key parts of the report are reproduced below:
“…where leavers and remainers disagree is on the potential benefits that FTAs with non-EU countries offer relative to the cost that would be paid by losing membership of the world’s largest and deepest, multi-country single market. The following paper attempts to analyse whether it is indeed possible to offset the costs of losing Single Market (and Customs Union) membership via FTAs with other countries. Continue reading Defying Gravity→
The British Prime Minister Theresa May made a speech this week in which she seemed to rule out EEA membership. Does that mean that EFTA cannot feature in the UK’s post-brexit future? We argue the answer is no – it must.
First off, membership of EFTA means we would be essentially signing a free trade deal with four countries at once. Norway, Iceland, Switzerland and Liechtenstein.
‘A New UK-EU Relationship versus the False Certainty of Brexit Sovereignty’- Dr Nat O’Connor
Part of the explanation for the British vote to exit the EU is a reaction to the uncertainty and fast pace of change brought about by globalisation. The calls to ‘take back control’ and for the UK to be fully sovereign are a rhetorical expression of this malaise.
Yet, how many countries are truly sovereign in this idealistic way?
Once the government of any territory wants to interact—even in a purely transactional way—with other jurisdictions, there must be some level of co-operation, if not compromise, which represents pooled sovereignty.
Of course, either party can disengage at any moment, but the mutual benefit of trade and other forms of interaction tend to outweigh the costs. And so, while control over many areas of domestic policy is always held internally, the notion of pure “sovereignty” can only be expressed negatively, by the act of disengaging and going it alone. Continue reading A New UK-EU Relationship?→
Over the last few days, we have read several media reports that say Norway may be softening her views on a possible British return to EFTA. Readers of this page will know that three out of the four current member countries of EFTA have expressed an interest in the UK returning to the Bloc, with Norway as the exception.
We hope that these reports are accurate and that the British Prime Minister begins informal talks with the EFTA countries as soon as possible, hopefully with formal talks to begin shortly after.