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Financial Times: The EU prepares British companies for the consequences of Brexit without agreement Brexit 

Financial Times: The EU prepares British companies for the consequences of Brexit without agreement

The “Regulatory” Information Campaign of the UK’s corporate sector in the various sectors of the European Union – the Financial Times of Wednesday – is preparing for the hard regulatory consequences of the unbalanced termination of British EU membership.

The London Economic Day has gained insight into the legal guidelines issued by the EU regulatory institutions and the European Commission in November and December. According to the report, “about 15” UK economic sectors from Brussels have received such “preparatory” information. The range of sectors involved ranges from pharmaceuticals to seafaring companies and mineral water companies to road carriers and airlines. These companies need British licensing licenses, and these licenses, in view of the UK’s full EU membership, are also valid in the European Union.
The EU’s information documents, which the Financial Times have seen, are encouraging these UK companies to be ready to become Britain’s “third country”, meaning that if there is no agreement on a British post-exit system at the end of the Brexit negotiations, will treat Britain as an external country. In this case, according to the calls sent to companies, the undertakings concerned will not have an automatic right of action on the European Union’s single internal market after the expiry of the British EU membership in March next year.
According to the Financial Times, Commission documents highlight, for example, that operating licenses issued by airlines in the United Kingdom lose their validity in the territory of the Union in case of an agreement without Brexit, unless the European Union’s main business is located in the European Union.
Road transport companies licensed by the UK authorities will also have to maintain “working and stable” departments in an EU Member State for further EU operation – reads in the Brussels document of information provided by the British newspaper.
The Financial Times earlier this year wrote that, according to the British minister responsible for the Brexit negotiations, some European Union institutions provide guidance to the business sector that does not report that London and the EU agree on a relationship between the post-cessation of British membership in the EU .
In a confidential transcript of the December Business Day, Davis Davis told Prime Minister Theresa May that in his opinion, EU institutions are already handling Britain, unlike other EU countries, even though British EU membership has not yet disappeared.
British Finance Minister Davis and Philip Hammond will meet in Germany on Wednesday. Prior to their visit, a joint article was written in the conservative German daily Frankfurter Allgemeine Zeitung, stating: neither from Germany nor from Britain, it would be pointless to set “unnecessary barriers” to trade goods and services as this would cause business and economic damage on both sides of the Channel cause.

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