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The European Union and the United Kingdom have decided to continue negotiations on the post-Brexit trade deal, although Sunday should have been the last day of talks. There are deep misunderstandings between both sides, which Brussels and London will try to overcome in the last hundred meters.
The transition period expires on December 31, and from that point on, the UK will no longer be bound by EU rules. The main points of divergence between the European Union and the United Kingdom continue to be fishing rights and competition rules.
However, the lack of a deal will shock the financial markets and create chaos.
Even if the two sides have given each other a last-minute chance, their fears that it will all end in failure outweigh their hopes. The Sunday Times wrote over the weekend that the government had warned UK supermarkets and pharmacies to start piling up stocks as a Brexit is likely to occur without a deal.
Truck mileage queues
In fact, truck queues of kilometers have already been created in southern Britain. Hundreds of Trucking Coming from Europe through the Channel Tunnel blocking the road to the port of Dover. The idea is that freight vehicles arrive at the port before the first minute of 2021, when trade between the UK and the European Union will likely be subject to different rules than today. And UK authorities are reminding drivers of this through messages displayed on huge billboards.
A Brexit without an agreement with Brussels will mean the payment of customs duties of 5.7% on exports to the United Kingdom. Goods imported by Europeans from the United Kingdom would also be taxed at customs with 4.3%. However, for some agricultural products, the taxes could exceed 20%.
The UK produces only 55% of food for its own consumption, and 26% comes from EU countries, so far imported without taxes or customs controls, reports RFI’s London correspondent.
Panic-driven shopping, more like the start of the pandemic
Food producers have warned that there will be a shortage of vegetables for three months, and experts believe that the lack of a Brexit deal will trigger, under the panic rule, a general rush to buy, which was broader than in March. , at the beginning of the coronavirus pandemic.
“Supermarkets and ministers are very concerned about the panic buying phenomenon. They saw what happened in COVID, when people started buying toilet paper in droves, and how quickly things can degenerate, “said a consultant in the field, according to The Guardian.
“Retailers and suppliers are doing everything they can to reduce supply disruptions, including increasing stocks of non-perishable goods and finding alternative supply routes. The main impact of Brexit will be on imported fresh produce, such as fruit. and vegetables, which neither retailers nor consumers can store for long periods of time, ”said a representative from the retail industry.
On the other hand, the government has asked suppliers of medicines, medical devices and vaccines to stock up for six weeks, “in safe places” in the United Kingdom. Chancellor Dominic Raab says there is “enough diversity” in the drug supply chain, although he admits there could be some disruptions in the event of a no-deal Brexit.
In a discussion on the BBC. also seemed to confirm an article by Sunday Telegraph, according to which the government makes plans to provide aid to British farmers totaling £ 8bn in the event of a no-deal Brexit. “We are always vigilant, as we have shown in the case of the coronavirus, because we want to support vulnerable communities,” said Dominic Raab.
Editor: Luana Pavaluca
