UK- EU

Supermarket sweep: demand, supply and border delays

16 April 2020 Peter Holmes is a Reader in Economics at the University of Sussex and Fellow of the UK Trade Policy Observatory. At the time of writing the UK is seeing food supplies returning to normal. It is worth asking what the experience of the first three weeks of lockdown can tell us about the causes of the apparent shortages and the implications for the future. There is a hope that now everyone’s spare rooms are full of toilet rolls and cans of beans and the supermarkets are fuller, stocks will get back to normal. But it may not be quite as simple. Are shortages just due to excessive stockpiling or real supply constraints? And if the latter how does trade fit in? […]

By Nick Phipps|2020-04-15T17:06:12+01:0015 April 2020|UK - Non EU, UK- EU|1 Comment

The UK Government’s Global Tariff proposal – a virtual discussion

31 March 2020 Julia Magntorn Garrett is a Research Officer in Economics at the University of Sussex and Fellow of the UK Trade Policy Observatory. On Wednesday 18 March, the UKTPO published a Briefing Paper in response to the UK Government’s consultation on the UK’s future applied Most Favoured Nation tariff. In lieu of a public launch event, which had to be cancelled due to coronavirus, this blog outlines some excellent feedback we have already received and aims to open up the issue for further discussion. […]

By Nick Phipps|2020-03-31T10:21:24+01:0031 March 2020|UK - Non EU, UK- EU|4 Comments

The economic impact of COVID-19 on Airlines: why the Chancellor was right to refuse further government financial assistance

30 March 2020 Guest Blog by Ian Clarke, CEO of Excalibur Global Managed Services Ltd. Following on from the previous blog by Erika Szyszczak on the new temporary adaptation of EU state aid rules in the light of the COVID-19 economic crisis, this blog discusses why the UK should take a cautionary approach to special aid being directed to the aviation sector. […]

By Nick Phipps|2020-03-30T12:51:37+01:0030 March 2020|UK - Non EU, UK- EU|0 Comments

Managing crisis state aid: EU law proves not too painful for the UK

27 March 2020 Erika Szyszczak is Professor Emerita at Sussex Law School and a Fellow of UKTPO. Recent weeks have seen the rapid implementation of measures to manage and maintain EU state aid policy during the COVID-19 crisis. Some Member States, including the UK, have adopted urgent measures to ameliorate damage to their economies. During the transitional period of the Withdrawal Agreement the UK must follow EU law and therefore the responses by the UK Government to the COVID-19 fiscal and economic crisis should comply with EU rules. […]

By Nick Phipps|2020-03-27T15:22:03+00:0027 March 2020|UK- EU|0 Comments

COVID-19 and two key supply-chains

24 March 2020 Guest blog by Dr Sam Roscoe, Senior Lecturer in Operations Management and Research Leader for the Supply Chain 4.0 Hub at the University of Sussex. COVID-19 has exposed a number of fundamental issues in grocery and pharmaceutical supply chains. The grocery sector has been particularly hard hit because of its ‘lean’ just-in-time delivery supply chain model, panic buying and labour shortages. Over the past two decades, the UK grocery sector has adopted the lean, just-in-time, supply chain model from the automotive sector. This rapid replenishment model focuses on minimizing inventory and delivering new products to store shelves as soon as a product is purchased at the tills. The advantages of this system are lower inventory carrying costs, reduced product handling and smaller store rooms. The disadvantage, as seen today, is that any unforeseen surge in demand makes it difficult for stores to quickly replenish shelves as inventory is not readily at hand. […]

By Nick Phipps|2020-03-24T13:59:19+00:0024 March 2020|UK - Non EU, UK- EU|4 Comments

Export-platform FDI and Brexit Uncertainty

14 February 2020 Nicolo Tamberi is a Research Assistant in Economics for the UK Trade Policy Observatory. An important question arising from the UK’s decision to leave the EU is around the impact on foreign direct investment (FDI) in the country, with many academics and commentators suggesting that exiting the EU may accelerate the decline of British manufacturing. Car manufacturers such as Honda and Toyota came to the UK in the 1980s with the aim of selling to the whole European market. While the car industry is often used as an example, other industries appear to be affected by uncertainty as well. Hiroaki Nakanishi, chairman of the board of Hitachi, wrote in the Financial Times: ‘We invested in [the UK] as the best base for access to the entire EU market’. The Japanese government’s letter to the United Kingdom clearly stated that for Japanese firms in the UK frictionless access to the European market is vital for their business. […]

By Nick Phipps|2020-02-14T09:46:49+00:0014 February 2020|UK - Non EU, UK- EU|0 Comments

US is No.1 country for UK small businesses to trade with over next three years

22 January 2020 With the UK set to embark on a new era of global trade negotiations for the first time in living memory, the importance of minimising friction in trade and having zero tariffs and quotas is more critical than ever to small businesses across the UK. In conjunction with the Federation of Small Businesses, we have produced a new major report (see summary slides) highlighting what small businesses need to capitalise upon from Free Trade Agreements (FTAs). […]

By Nick Phipps|2020-01-22T12:59:21+00:0022 January 2020|UK - Non EU, UK- EU|0 Comments

Determining goods at risk

14 January 2020 Dr Anna Jerzewska is a independent customs and trade consultant, an independent advisor with the UN International Trade Centre and also a trade policy and customs consultant for the British Chambers of Commerce. The UK is due to leave the EU on the 31st January 2020. A new stage of the Brexit process is set to begin – the transition period and negotiations of the future relationship with the EU. At the same time, work on the Northern Irish border arrangements is far from over. A newly established Joint Committee will negotiate the practicalities of implementing the Withdrawal Agreement. Under the Withdrawal Agreement (“WA”), Northern Ireland would stay in the UK’s customs territory but would at the same time continue applying EU’s customs legislation, tariffs, quotas and, partially, EU Single Market rules. This will avoid a border on the island of Ireland but will mean a de facto customs and regulatory border in the Irish Sea. As a result of this dual status, goods shipped from Great Britain (“GB”) to Northern Ireland (“NI”) will be subject to EU tariffs if they are “at risk of subsequently being moved into the Union, whether by itself or forming part [...]

By Nick Phipps|2020-01-14T09:55:38+00:0014 January 2020|UK - Non EU, UK- EU|0 Comments

Parties’ election promises on trade are incoherent and unachievable

11 December 2019 In the lead up to the General Election, we have analysed the manifestos of the five main political parties and what they imply for future UK trade. Overall, we find that the manifestos in this General Election are incoherent and vague on trade and contain several unachievable targets. […]

By Nick Phipps|2019-12-11T10:01:33+00:0011 December 2019|UK - Non EU, UK- EU|1 Comment

EU tariffs could cover 75% of imports of goods into Northern Ireland

9 December 2019 L. Alan Winters CB is Professor of Economics and Director of the Observatory. Our analysis finds that under the UK-EU Protocol on Northern Ireland, about 75% of Northern Ireland’s imports of goods from other locations, including Great Britain, would be subject to EU tariffs on their arrival in Northern Ireland. This is not easily reconciled with the government’s assertion that Northern Ireland remains within the UK customs territory. […]

By Nick Phipps|2019-12-09T09:09:13+00:009 December 2019|UK - Non EU, UK- EU|5 Comments

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