October 16, 2021

Volume XI, Number 289

Advertisement
Advertisement

October 15, 2021

Subscribe to Latest Legal News and Analysis

October 14, 2021

Subscribe to Latest Legal News and Analysis

October 13, 2021

Subscribe to Latest Legal News and Analysis
Advertisement

Britain and the EU: Manufacturing an Orderly Exit

Brexit must be carefully-engineered to safeguard industry and secure new trade opportunities.  This report points to new findings showing that just 5% of British adults think that loss or damage to the UK manufacturing sector is a price worth paying for leaving the EU. And, while acknowledging that the Government faces a difficult balancing act between free trade and free movement of workers, it warns against rushing through a ‘clumsy’ Brexit plan that could do lasting damage to UK manufacturing and the wider economy.

The UK has voted by a majority in a referendum to leave the European Union (EU) and Prime Minister Theresa May has committed to enact the wishes of the British people.

However, in doing so, the exact terms of how we exit the EU and the nature of our future relationship is far from clear. What is certain is that the forthcoming negotiations on our exit will have long-term implications for businesses in the UK.

For manufacturers, a carefully-engineered Brexit is vital to both supporting and protecting industry in the UK. We strongly support ambitions to be an even greater global trading nation based on a new approach to backing British industry. However, ministers and officials must avoid a rushed or clumsy exit plan, which could do lasting damage to manufacturing in the UK and the wider economy.

The Government should develop its Brexit negotiation strategy in close consultation with business to ensure the UK’s long-term economic interests are not harmed.

This report sets out some of the important issues highlighted by manufacturers who want to see a smooth exit with minimum disruption to trade. While retaining access to the single market and maintaining free movement of employees are not necessarily politically convenient or easy to resolve as part of a negotiation, they do underline the need to tread carefully as the Government prepares the ground for our eventual departure from the EU.

This report has been produced by EEF in partnership with Squire Patton Boggs.

© Copyright 2021 Squire Patton Boggs (US) LLPNational Law Review, Volume VI, Number 265
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement

About this Author

Rob Elvin Civil Claims Attorney Squire Patton Boggs Manchester, UK
Partner

Rob Elvin is a solicitor-advocate and the managing partner of our Manchester office. Following outstanding client feedback, Rob was recognised as a star lawyer in the Acritas StarsTM global database 2020, cited as having “full confidence in his experience and his knowledge, and he was very pragmatic in terms of finding a solution to the issue”.

Rob primarily focusses on leading large and complex investigations across a broad range of health, safety and environmental matters. His expertise also covers nuisance, noise abatement, pollution, permit appeals and environmental...

44 161-830-5257
Cipriano Beredo Global Corporate Attorney Squire Patton Boggs Cleveland, OH
Partner

Cipriano Beredo, a partner in the global Corporate Practice and member of the firm’s Global Board, regularly advises public companies and privately held businesses on mergers and acquisitions, securities and corporate finance transactions, and a wide range of corporate governance and general business matters.

Cip has particular experience representing corporations and private equity firms in leading complex multijurisdictional acquisition and divestiture transactions. He has completed transactions in more than 30 countries and routinely manages teams of professionals across the...

216-479-8280
Advertisement
Advertisement
Advertisement