The Brexit White Paper – key points

The Brexit White Paper – key points

The Government’s white paper on Brexit was published today, elaborating on the twelve key aims set out in Theresa May’s speech at Lancaster House. Key takeaways from the white paper included:

  • A unique trading arrangement – Britain will not join the European Free Trade Area (part of the Customs Union) but seek an agreement that does not compromise the supremacy of British law.
  • A new trade deal could “take in elements” of current single market arrangements because Britain already has zero tariffs on goods and common regulations with the EU, but Britain will be outside the single market.
  • The Government will not accept the supremacy of foreign courts over trade – the UK will sign up to independent arbitration on trade matters but can accept or reject the arbitration without being taken to court.
  • Contributions – UK taxpayers will no longer pay “vast” contributions into the Brussels budget but there may be certain EU programmes where Britain might make an”appropriate” payment to take part.
  • No special immigration deal for EU nationals – Britain will regain full control of the number of people coming to the country from the EU and free movement of people will no longer apply. However any new approach could be “phased in” to give businesses and individuals time to plan and prepare for the new arrangements.
  • No unilateral guarantee for EU nationals to remain in the country until the EU does the same for British nationals.
  • Parliamentary control – Parliament will get a vote on key issues like immigration and customs agreements when they crop up.
  • The Government will aim for a “mutually beneficial deal that works for the UK and the EU’s fishing communities”, noting that EU annual fishing revenues from UK waters are £484m compared to only £114m of UK fishing revenues from EU waters.

Read the full white paper here