On 12th July 2018, the UK government released a White Paper setting out its most detailed negotiating position to date, including the deal for services. The government has made some good progress towards setting out its intentions for services trade in some areas, but in others a lot more detail is needed.
The Government has some good ambitions for post-Brexit services trade, but needs to go further in some areas.
The EU single market for services is not complete in the same way the single market for goods is. The rules for some sectors – like financial services and broadcasting – are deeply integrated between the UK and EU, while others rely on cross-sector rules to enable trade. This means services need a deal that is different from the deal for goods, but not one that damages market access.
Businesses are ready to engage to help policymakers understand what more is needed to ensure services trade operates smoothly after Brexit, for consumers and firms on both sides. Using a RAG rating system, the CBI has rated the Government’s progress on five key issues that are needed to deliver a good deal for services post-Brexit.
- The cliff-edge for services
- Negotiating ambitious mutual market access for services firms
- Ensuring access to and movement of the people who are essential to services trade
- Securing the free flow of data between the UK and EU
- Maintaining the right level of influence over services rules