Wasting time on the level playing field
17 December 2020 Alasdair Smith is Emeritus Professor of Economics at the University of Sussex and Fellow of the UK Trade Policy Observatory. If the UK leaves the EU transition period without a trade deal there will be disruption and delay at the borders in the short run; and in the longer run, there will be the economic costs of trade barriers for important parts of the UK economy like agriculture, food manufacturing and the car industry. There will be problems too for the EU. The biggest obstacle to a deal is the arcane issue of the ‘level playing field’. Does this really matter enough to both sides to prevent an agreement? […]