{"id":141062,"date":"2020-01-19T10:30:14","date_gmt":"2020-01-19T10:30:14","guid":{"rendered":"https:\/\/www.bnreport.com\/no-alignment-with-eu-rules-after-brexit-says-uk-chancellor\/"},"modified":"2020-01-19T10:30:14","modified_gmt":"2020-01-19T10:30:14","slug":"no-alignment-with-eu-rules-after-brexit-says-uk-chancellor","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/no-alignment-with-eu-rules-after-brexit-says-uk-chancellor\/","title":{"rendered":"No alignment with EU rules after Brexit, says UK chancellor"},"content":{"rendered":"

Britain will have no alignment with EU rules post-Brexit, the U.K. chancellor said, urging companies to \u201cadjust\u201d to the new reality.<\/p>\n

\u201cThere will not be alignment, we will not be a rule-taker, we will not be in the single market and we will not be in the customs union \u2014 and we will do this by the end of the year,\u201d Sajid Javid told the Financial Times<\/a> in an interview published late Friday.<\/p>\n

The chancellors words may make uncomfortable reading for U.K. business in sectors such as aerospace, automotive, chemicals and pharmaceuticals, which cautioned in October<\/a> that diverging from EU regulations could pose \u201cserious risk to manufacturing competitiveness.\u201d<\/p>\n

Javids pledge also risks a clash with the EU, which insists that any future trade deal with the U.K. must include a strong commitment to a level playing field, meaning that Britain must remain aligned to EU environmental, social and competition standards.<\/p>\n

However, there is potential to diverge on other standards such as food safety or other product regulations \u2014 such as for cars \u2014 with the risk that those products could no longer be exported into the EU, or that supply chains are interrupted.<\/p>\n

But the chancellor sought to dismiss such risks: \u201cJapan sells cars to the EU but they dont follow EU rules,\u201d he said, adding: \u201cWere also talking about companies that have known since 2016 that we are leaving the EU. Admittedly, they didnt know the exact terms.\u201d<\/p>\n

Javid did not say which EU rules he wanted to ditch, the Financial Times reported, but promRead More \u2013 Source<\/a>
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politico<\/a><\/h5>\n

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