Business

(asked on 9th February 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential merits of redrawing the Withdrawal Agreement to provide better support to UK businesses.


Answered by
Simon Clarke Portrait
Simon Clarke
This question was answered on 23rd February 2022

Following the Withdrawal Agreement, the UK agreed the Trade and Cooperation Agreement (TCA) with the EU – the first free trade agreement the EU has ever reached based on zero tariffs and zero quotas, helping to support businesses.

The TCA means that the UK can now regulate in a way that suits the UK economy and UK businesses – doing things in a more innovative way, without being bound by EU rules. We are ensuring businesses continue to get the support they need to trade effectively with the EU, and to seize new opportunities as we strike trade deals with the world’s fastest growing markets.

The Government is in negotiations with the EU to address issues in the Northern Ireland Protocol, to ensure businesses that move goods between Great Britain and Northern Ireland face minimal burdens.

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