Max fac is back to help solve Irish backstop worries, Downing Street reveals November 20, 2018 Theresa May is reviving plans to use technology to prevent a hard border with Ireland in a bid to win support for her under-fire Brexit deal. The so-called maximum facilitation proposal – dubbed ‘max fac’ – was one of the customs arrangements considered by the Government last year before being dismissed. It has support among [...]
HMRC boss received death threats after revealing £20bn cost of Brexiters’ customs plan October 11, 2018 The UK's chief taxman received death threats after revealing it would cost £20bn to put in place the hard-Brexiters' customs plan, he revealed today. Jon Thompson, chief executive of HMRC, told MPs the figure in May as he gave evidence on a range of post-Brexit systems. The system, dubbed maximum facilitation, or 'max fac', would see [...]
ERG’s post Brexit plans for Irish border revealed September 12, 2018 The Irish border issue can be resolved through "the mutual trust on which regular trade depends", a new proposal put forward by pro-Brexit MPs today has said. The European Research Group's 19-page document suggests existing technology will make border checks unnecessary, while physical inspections can be carried out at exporters' or importers' premises, with exemptions for "the [...]
Brexiters seek to revive Canada plus-plus-plus model as Barnier rejects Chequers cherry picking August 2, 2018 The Canada-plus-plus-plus model mooted by former Brexit secretary David Davis is still in play, with pro-Brexit MPs discussing how to revive it in favour of the Prime Minister's Chequers model. The model, also called Super Canada, was first publicly floated by Davis last year, suggesting the free trade agreement recently signed between the EU and [...]
Chinese bid for Northern Aerospace fails amid security fears July 9, 2018 Chinese takeover attempts to buy a British defence company have fallen through, according to UK private equity firm Better Capital. Approval has not been given for aircraft parts maker Northern Aerospace to be purchased by Derby-based Gardner Aerospace, a subsidiary of Chinese aerospace and mining firm Shaanxi Ligeance Mineral Resources. Read more: Aerospace sector revises [...]
Chinese bid for Northern Aerospace falls through as regulator denies approval July 9, 2018 Chinese takeover attempts to buy a British defence company have fallen through, according to UK private equity firm Better Capital. Approval has not been given for aircraft parts maker Northern Aerospace to be purchased by Derby-based Gardner Aerospace, a subsidiary of Chinese aerospace and mining firm Shaanxi Ligeance Mineral Resources. Read more: Aerospace sector revises [...]
Chequers: Here’s what the UK’s Brexit position is on customs, goods, ECJ, standards and the Irish border July 6, 2018 The UK government has finally agreed a position on Brexit – but who blinked, and will the EU go for it? Here are the crucial elements of today's big step forward. The transition period will remain the same Whether it was the threat from the ERG, the Prime Minister's concern of a knock-on on the [...]
Chequers Brexit summit: Here’s what the UK’s negotiating position on customs, goods, ECJ, standards and the Irish border is July 6, 2018 The UK government has finally agreed a position on Brexit – but who blinked, and will the EU go for it? Here are the crucial elements of today's big step forward. The transition period will remain the same Whether it was the threat from the ERG, the Prime Minister's concern of a knock-on on the [...]
Theresa May’s Chequers compromise to result in ‘softest possible Brexit’ July 4, 2018 Theresa May’s “third way” on the UK’s future relationship with the EU is looking increasingly likely to steal elements from both customs options as she hopes to end the divisions among her Cabinet team at Chequers this Friday. City A.M. understands it will take much from the so-called max fac option, beloved of Brexiters, which [...]
Theresa May’s Chequers compromise to result in ‘softest possible Brexit’ July 4, 2018 Theresa May's "third way" on the UK's future relationship with the EU is looking increasingly likely to steal elements from both customs options as she hopes to end the divisions among her Cabinet team at Chequers this Friday. City A.M. understands it will take much from the so-called max fac option, beloved of Brexiters, which [...]