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Brexit Withdrawal Agreement Bill passes third reading in Commons
At 5.30pm this Thursday evening, the Brexit Withdrawal Agreement Bill swiftly passed it’s third reading in the Commons with an unsurprising majority of 330 with 231 against.
The Bill will now be passed to the Lords for their scrutiny. Unlike the Commons, the Government far from having an overwhelming majority doesn’t have control. However the ace in the hole is Boris Johnson’s crushing election victory as it’s typically out of order for the Lords to wreck legislation the country effectively voted on in an election. However the Lords could tag on amendments, some might even be welcomed, but the Government’s majority in the Commons is large enough to vote down amendments they’re not in favour of.
We’re expecting the Bill to pass the Lords by the 22nd of January, at which time it will go for Royal Assent and become law. The expectation is that the UK will leave the EU on the 31st of January with the Withdrawal Agreement Bill passed both here in the UK and in the EU who also need to sign off on it. Both sides are keen for a transition deal and without passing the Bill the UK would crash out of the EU at the end of the month without a deal.
Then the real work starts on the final free trade agreement with the EU, which just above everyone in the know, both EU and UK, say would take longer than a year to negotiate. But then people also said it was impossible to get the Withdrawal Agreement and Political Declaration reopened and renegotiated by Boris Johnson achieved that in a matter of weeks. Is it possible that Boris could pull off another miracle and get a free trade agreement through before the end of the year or is that a pipe dream and we could be looking at a transition agreement timing out and defaulting to World Trade Organisation rules on the 1st of January 2021?
Brexit Webinar 15th January 2020
We will be holding a webinar to discuss the situation further in a few day’s time on Wednesday the 15th of January. We’ll be welcoming the experts from GFS who will set out the potential scenarios and discuss how best to Brexit proof your business for the future, regardless of what that future might turn out to be. You can sign up for the webinar here.
Can commentators PLEASE stop referring to our current Prime Minister as ‘Boris’.
He has taught the country to call him by his first name so that Cheeky Chappy Man Of The People Alexander Defeffle Boris Johnson can be seen to be ‘down to earth’.
We didn’t refer to any previous PMs by their first name so let’s not fall for this ‘Boris’ rubbish.
Let’s also remember, any ‘free trade deal’ is likely to cost money one way or the other, there is simply no point being a member of a club if you get the same benefits by not being a member, Brexit will hurt and that’s the end of it.
BORIS isn’t the first to do this.
Tony Blair and David ‘Call Me Dave’ Cameron could also be accused of trying to make their names more down to earth.
And Gordon Brown of course is really a James, Gordon being his middle name. I suppose in his case, he might not have wanted to be confused with the Godfather Of Soul. Or maybe he really liked Golden Brown by The Stranglers.
@Noel I think you will find you’re wrong…
People referred to Baroness Margaret Hilda Thatcher as “Maggie” and still do, they also sometimes called her the “Iron Lady”.
It is only ‘Boris’ rubbish because you are upset about the way things have turned out, you need to get over it, face up to reality and try and have a good w/end.
You are quite right, when you leave a club you do not get the same benefits, but you are also not bound by the same rules, regulations and restrictions.
However, we are a long standing trade partner of the EU and do a lot of business with them, in 2018 UK exports to the EU were £291 billion (45% of all UK exports). UK imports from the EU were £357 billion (53% of all UK imports).
So I doubt they would want to hurt themselves too much as that will effect small business all over the EU.
most people I know called Thatcher a fascist bitch when being polite and cnut when speaking the truth.
@Steve P That can be the problem when you have a narrow minded friendship group.
Not saying I liked her or even respected her, just pointing out that Noel was wrong in his narrow minded views.
Plus the EU will want to keep the UK as close to them as possible
They will not want an off shore trading power house that they have no influence on
GET BORIS NOW.
Or something like that…
True brexiteer I am…
GET BORIS DONE.
I’ll just leave this here…
rather than saving us £350 million a week like they wrote on that bus, Brexit will soon have cost more than all the payments we sent to the EU in the last 47 years combined:
excellent money saving logic guys.
There are other factors in play though aren’t there James?
Even without questioning their figures (which will miss off the usual hidden costs no doubt) this article assumes any shrinkage in UK PLC is entirely down to Brexit, ignoring the influence that the prospect of a Corbyn led anti-business government was having on the economy. If you’re in business, you’ll know people who were putting things off for both those reasons.
And once we’re out, if at sometime in the future UK PLC grows beyond where the article guesses it might have been without Brexit, then we’re quids in. That might be in a few years, a few decades, or beyond our lifetimes. Only time will tell.
@James And why is that?
“According to research by Bloomberg Economics, the cost of the UK’s vote to leave has already reached £130 billion, with a further £70 billion likely to be added by the end of 2020.”
Lets see; “Business confidence and investment in the UK has dipped significantly since the 2016 vote”.
Caused by all the petty arguing and disruption by those that want to remain, not by Brexit that had not happened. Not very clever where they?
Then you have people like Chris Allen who ask intelligent questions.
I would have thought the VAT issue will be covered in the withdrawal agreement as many things between the EU and GB will remain the same until the end of 2020.
Yup, as always Tyler, who admittedly doesn’t read and don’t know Jack, somehow knows better than the pro’s at business insider. /eyeroll.
“Caused by all the petty arguing and disruption by those that want to remain”.
No, caused by Brexit. were it not for Brexit, the UK would be £130 billion better off today. when the main argument for leaving was “we’ll save money”, and anyone with sense could plainly see we’d actually lose money, it’s not petty squabbling, it’s attempting to prevent economic suicide. when the facts show we have already lost HUGE money, before the job is even done, those that argued to remain have been proven right in that regard.
47 Years worth of payments. payments all the Brexit supporters say was wasted money, well we’ve already wasted more than that for…. nothing. not a damn thing.
Not that there’s any point trying to convinve you, things like facts just don’t apply to people with such strong blinders on. You’re already well aware through soundbites and daily mail clippings that Jeremy Corbyn is satan and that Trump & Boris were sent by god to save us all from foreigners.
What i’m still not sure about is what is happening with EU VAT on 31st January. We are registered for VAT in France and Germany because we are above the threshold, but we are sending goods from the UK. So after 31st Jan is everything going zero rated when it leaves the UK and the customer pays VAT once it arrives? If this is the case presumably we don’t pay VAT to France and Germany. Or do we carry on as normal until 31st December?
These are the type of questions no one knows, even the government and certainly not the Brexit supporters. But we will get unicorns and marshmallows, so I wouldn’t even worry about exports and taxes.
Can’t wait for all the fish we will be getting !