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The British government published the Internal Market Bill on Wednesday, which it claims is designed to ensure that in the event of a no-deal Brexit, trade between the four nations of the UK remains unrestricted.
The legislation, if signed into law by an act of Parliament, will effectively overwrite elements of the Brexit deal that British Prime Minister Boris Johnson signed with London last year. Specifically, it would undermine a part of the agreement known as the Northern Ireland protocol, which exists to eliminate the need for a firm border between Northern Ireland and the Republic of Ireland, in accordance with the 1998 Good Friday Agreement.
Pelosi’s statement will deal a major blow to the UK, as several prominent Brexiters have claimed that the ability to sign international trade deals will be the most obvious result of exiting the European Union. As a member state and part of the EU single market and customs union, the UK was unable to negotiate its own trade deals and was instead represented at the World Trade Organization by an EU delegate.
A trade deal with the US has been repeatedly described as the most important of these, given the size of the US economy, the historic relationship between Britain and the US, and the fact that the US is the partner. UK’s largest commercial, despite the two. not have a formal business agreement.
