Post-Brexit trade negotiations resume amid political & diplomatic uncertainty
British and European Union (EU) officials have resumed post-Brexit trade talks amid intensifying political and diplomatic uncertainty.
According to multiple reports, the two sides are still struggling to bridge “significant differences” on fishing quotas and competition rules.
The fraught negotiations are unfolding against the backdrop of political opposition at home and potential diplomatic challenges in light of the election of Joe Biden to the Presidency of the United States.
On the home front, the government is set to suffer a heavy defeat at the House of Lords on Monday (November 09) as peers are expected to reject the controversial Internal Market Bill (IMB) in its current form.
The opposition Labor Party has warned the UK risks becoming an “international pariah” if the IMB is passed in full.
This is a thinly-veiled reference to anticipated opposition from the incoming US administration led by President-elect Joe Biden.
Biden has previously been openly critical of the IMB, arguing it could potentially lead to a hard border between Northern Ireland and the Republic of Ireland.
Most ominously for the UK, Biden has warned this could be a “deal-breaker” for any US-UK trade deal.
In a related development, Prime Minister, Boris Johnson announced on Monday (November 09) his plans to establish a new “Office for Investment” to encourage and motivate investors to do business in a “post-Brexit UK”.
Setting out his ideas in a LinkedIn article, the PM claimed the Office for Investment would be "a targeted, agile organization designed for the fast-moving society in which we now live, and a great big flashing neon sign that advertises both our openness to the world and our desire to do business with it".
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