Subsidy freedom is worth blowing up Brexit talks for
Before the next round of formal Brexit negotiations this month, Britain and the European Union agree there are two main issues in the way of agreement on the future trade relationship: fishing and state aid.
Differences over the former ough to fall away. The more thorny issue is subsidies, since this could affect all businesses.
Last October’s political declaration, which outlined the future relationship, said that a “robust framework” on state aid would be put in place, relying on “appropriate and relevant EU and international standards”.
There is a deep divide on what this means. The UK refers only to “subsidy control” in which there will be a high level of transparency, but it will have its own regulatory regime.
More on: www.thetimes.co.uk