Skip to main content

Brexit does not mean Brexit

Brexit Feature Image

These papers cover a variety of very important topics ranging from customs, the borders between Ireland and Northern Ireland, judicial frameworks and access to information.

Although my academic expertise allows me, strictly speaking, to evaluate in more detail the content of the papers related to custom arrangements and the continuity in the availability of goods, I believe the conclusion that can be validly drawn from all the documents released so far is crystal clear: Brexit does not mean Brexit. Not really.

That may seem odd when one considers both the stated aim of Brexit and the intensive way it has been communicated by government officials. Yet the conclusion is inescapable. Examples of the oxymoronic language used in the papers include:

The admission that leaving the European Union also means leaving the EU customs union but that the new customs arrangement should remove any need for a customs border (i.e., just like still being part of the customs union).

The aim for a highly streamlined customs arrangement with facilitations to reduce or remove barriers to trade. So essentially, once more, being a member of the customs union without being a member of the customs union.

The goal that all the goods (or accompanying services related to those goods) placed on the Single Market before exit should continue to circulate freely in the UK, without additional requirements or restrictions.

The target for a continued oversight of EU (as well as UK) supply chain and market surveillance authorities for goods in both markets.

The above examples clearly highlight two things. Firstly, that the British government is trying to provide more certainty that it does not wish a radically (if at all) changed economic landscape in the post-Brexit era.

Secondly, that this message cannot conflict with its motto that “Brexit means Brexit”. Unfortunately, it cannot succeed in both accounts. European officials are quick to point this out and I expect they will continue to do so in an unwavering fashion.

Ultimately, either the stance or the motto of the British government will have to change. Let’s see which one it will be.

Published 29 August 2017

You might also like

British Steel and Brexit

24 May 2019
As a global industry, steel prices and exports have been falling as demand decreases. Whilst the media reports on British Steel have focused on job losses, Brexit-related issues have played a greater role on its sudden demise.
Business News

Islamic Finance: The New Regulatory Challenge

13 August 2013
Islamic Finance: The New Regulatory Challenge is a new book co-authored by ICMA Centre Visiting Professors Simon Archer and Rifaat Ahmed Abdel Karim. The book was launched recently at the International Centre For Education In Islamic Finance (INCEIF) in Kuala Lumpur, Malaysia. We caught up with Professor Simon Archer to discuss his role at the ICMA Centre and the new book.
Research news

Dr Ioannis Oikonomou wins Teaching Excellence Award

21 April 2016
Dr Ioannis Oikonomou, Associate Professor in Finance at the ICMA Centre, has won the student driven RUSU Teaching Excellence Award for Henley Business School.