A new report by Peter Holmes for the Progressive Economy Forum sketches out the pathway toward a positive renegotiation of the Brexit agreement in 2025.
When Britain left the EU, both sides agreed to a Trade and Cooperation Agreement to govern their relationship. This covered issues like taxes on exports and imports, and fishing quotas. But the Trade and Cooperation Agreement is not set in stone. It is subject to renewal, revision or termination every 5 years. So in 2025 Boris Johnson’s current Brexit deal expires, and negotiations with the EU will reopen.
That means, after the next election, a new government could decide our future relationship with Europe…The next two years are crucial. What happens between now and the 2025 negotiations will determine the UK’s credibility in the review process. In this PEF report, Peter Holmes shows why now is the time to plan and prepare for these negotiations.
How do we begin to address the damages of Johnson’s Brexit?
How do we repair relations with our European neighbours?
How do we redesign a Brexit agreement that is mutually beneficial and cooperative?
Time and time again, in areas crucial to the future, like international carbon taxes or scientific research, the current deal falls short.
Brexit is settled as an issue in Britain, and in Europe. But the current deal is not fit for purpose. We have a mechanism to renegotiate. There is a chance for change. Now is the time to plan for repair.
Read the full report HERE.
