Skip to main content

Brexit does not mean Brexit

Brexit Feature Image

These papers cover a variety of very important topics ranging from customs, the borders between Ireland and Northern Ireland, judicial frameworks and access to information.

Although my academic expertise allows me, strictly speaking, to evaluate in more detail the content of the papers related to custom arrangements and the continuity in the availability of goods, I believe the conclusion that can be validly drawn from all the documents released so far is crystal clear: Brexit does not mean Brexit. Not really.

That may seem odd when one considers both the stated aim of Brexit and the intensive way it has been communicated by government officials. Yet the conclusion is inescapable. Examples of the oxymoronic language used in the papers include:

The admission that leaving the European Union also means leaving the EU customs union but that the new customs arrangement should remove any need for a customs border (i.e., just like still being part of the customs union).

The aim for a highly streamlined customs arrangement with facilitations to reduce or remove barriers to trade. So essentially, once more, being a member of the customs union without being a member of the customs union.

The goal that all the goods (or accompanying services related to those goods) placed on the Single Market before exit should continue to circulate freely in the UK, without additional requirements or restrictions.

The target for a continued oversight of EU (as well as UK) supply chain and market surveillance authorities for goods in both markets.

The above examples clearly highlight two things. Firstly, that the British government is trying to provide more certainty that it does not wish a radically (if at all) changed economic landscape in the post-Brexit era.

Secondly, that this message cannot conflict with its motto that “Brexit means Brexit”. Unfortunately, it cannot succeed in both accounts. European officials are quick to point this out and I expect they will continue to do so in an unwavering fashion.

Ultimately, either the stance or the motto of the British government will have to change. Let’s see which one it will be.

Published 29 August 2017

You might also like

ICMA Centre staff praised by the University

14 June 2010
Professor Carol Alexander and Mrs Kim Mountford have received School Awards for Outstanding Contributions to Learning and Teaching 2009/10. These prizes are awarded annually by the University of Reading and reflect recognition by both students and colleagues of the valuable input made by staff at the University.

Bulmershe students take top position in Business School Stock Market Competition

24 July 2015
On Thursday 2 July, the ICMA Centre at Henley Business School hosted its fourth annual Stock Market Competition for sixth form and college students interested in a career in finance and trading. The competition took place in the ICMA Centre’s world-class trading rooms, and after an exciting day, Greg Dean and Nischal Timalsina from Bulmershe School were awarded iPads and a trophy as the competition winners.
Press releases

Risk Management Programmes at the ICMA Centre

23 June 2006
The ICMA Centre is now providing professional and academic programmes that specialise in Financial Risk Management. The new MSc in Financial Risk Management has been developed in close consultation with leading industry players to help meet the growing demand for properly qualified professional risk managers in banks, asset managers, corporates and regulatory bodies. Download Brochure.