About Brexit Desk
What a constructive UK-EU relationship may look like in the future is still unclear. At FLINN we are focused on sectors that will be crucial for twenty-first century economies including energy markets, digital markets and the framework for competition.
We do know that the relationship that the UK is looking for does not resemble any other existing bi-lateral relationship with the EU.
Any Free Trade Agreement (FTA) that is eventually achieved will at least have to cover: common objectives, institutional arrangements and (potentially most difficult of all) dispute resolution mechanisms.
It currently seems the FTA is destined to resemble, but not be the same as, arrangements previously concluded between the EU and Switzerland, Singapore and Canada respectively. Politically, it seems there will have to be an adjustment to how the UK engages with the EU Single Market – even if, somewhat ironically, the Single Market (including passporting arrangements for financial services) is largely a creation of the 1992 Programme guided by the then British Commissioner, Lord Cockfield.
Policy choices will have to be made about the future implementation of the UK’s mergers regime. The competition law regime seems less likely to be affected by changes as there is already genuine parallelism with existing EU law.
FLINN is active in following the day-to-day progress of the Brexit negotiations. We take an active part in policy discussions which attempt to analyse, and potentially influence, the negotiation process. Where there are concrete documents (for example the Department for Exiting the EU’s position paper ‘Continuity in the availability of goods for the EU and the UK’) FLINN stands ready to provide analysis and practical comments.