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U.K. businesses poke holes in Brexit plan

Neil Hodge | July 17, 2018

The U.K. government’s blueprint on how it thinks Brexit should pan out was hardly going to please everyone, and in that regard it has lived up to expectations.

The white paper on “The future relationship between the United Kingdom and the European Union,” released on 12 July, attempts to retain as many of the current trade advantages the United Kingdom presently has as a European Union member, but with the right to limit free movement and to arrange its own trade deals with other countries.

Its key proposals include continuing “frictionless” access at the border between the United Kingdom and European Union by setting up a free trade area for goods, which would avoid the need for customs and regulatory checks, and establishing reciprocal agreements for EU and U.K. businesses to compete fairly in each other’s markets.

It also proposes establishing a “common rulebook” for goods (including manufactured goods and agri-food) so that U.K. and EU rules are...

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