MPs warn against UK neglecting ties with India in favour of China June 24, 2019 The UK is failing to build an economic and security relationship with India as it grows in wealth and influence, the Foreign Affairs Committee (FAC) has today warned. Read more: New UK-India tech hub to be opened in confidence boost for the City In a new report the FAC cautioned that Britain’s focus on building [...]
Ivan Rogers warns it’s ‘crunch time’ as max fac customs option will not be accepted by Brussels June 12, 2018 The UK's former ambassador to the EU has rubbished both the government's customs proposals saying they would not fly "in the real world", warning: "We're heading for a major crunch". Ivan Rogers, who was one of the most senior civil servants until he resigned last year in frustration at Theresa May's handling of the Brexit [...]
Brexit latest: No deal as expensive as max fac to business, claims HMRC boss Jon Thompson June 5, 2018 A Brexit no deal would cost businesses around £20bn a year, HMRC boss Jon Thompson has claimed, as he doubled down on the estimates that max fac would do likewise. Speaking to the Treasury Select Committee this morning, Thompson told MPs he was confident in his statements from a fortnight ago that suggested the max [...]
Manufacturers’ association says max fac customs proposal is a ‘non-starter’ to the UK’s Brexit problems May 29, 2018 The government should not waste any more time or money exploring the so-called “maximum facilitation” option for future UK and EU customs, the manufacturers’ association has said. The max fac proposal – which would use technology to allow so-called “trusted traders” to cross the Northern Ireland and other EU borders freely after Brexit – has [...]
Exclusive: Cabinet ministers poised to back max fac customs option as Irish border solution breaks Brexit deadlock June 1, 2018 Ministers charged with determining the UK’s position on post-Brexit customs are poised to argue for a modified version of the “max fac” option, after making a breakthrough on the Irish border issue, City A.M. understands. For nearly a month, Cabinet ministers have been analysing the two options – the new customs partnership, or NCP, initially [...]
Exclusive: Cabinet ministers poised to back max fac customs option as Irish border solution breaks Brexit deadlock May 31, 2018 Ministers charged with determining the UK’s position on post-Brexit customs are poised to argue for a modified version of the “max fac” option, after making a breakthrough on the Irish border issue, City A.M. understands. For nearly a month, Cabinet ministers have been analysing the two options – the new customs partnership, or NCP, initially [...]
Brexit breakthrough: Cabinet ministers poised to back modified max fac customs option as Irish border solution breaks Brexit deadlock June 1, 2018 Ministers charged with determining the UK’s position on post-Brexit customs are poised to argue for a modified version of the “max fac” option, after making a breakthrough on the Irish border issue, City A.M. understands. For nearly a month, Cabinet ministers have been analysing the two options – the new customs partnership, or NCP, initially [...]
Brexiters’ favoured “max fac” customs proposal could cost businesses £20bn, warns HMRC boss Jon Thompson May 23, 2018 Brexiters’ favoured customs union proposal could cost businesses up to £20bn, the head of HM Revenues & Customs has warned. And while Theresa May’s preferred option would cost a fraction of that, it could take up to five years to implement. Jon Thompson, chief executive of HMRC, confirmed that the new customs partnership – in [...]
Brexit: Irish border can be solved with max fac customs proposal, claims Policy Exchange in Lord Trimble-backed report May 9, 2018 The Irish border problem can be solved with the “max fac” customs proposal favoured by Brexiters, according to a new paper endorsed by former Northern Ireland minister Lord Trimble. The “maximum facilitation” – or “max fac” – option would allow so-called trusted traders to cross the Northern Ireland and other EU borders freely, aided by [...]
Brexit war Cabinet discussion today: What is a customs partnership, what is max fac, what is the hybrid model and when is the deadline for a decision? May 2, 2018 Theresa May convenes her Brexit war Cabinet today, where her most senior ministers will debate which of the government’s two customs union options it should take forward into the next round of negotiations. Although a decision is unlikely today it is thought there will be a standoff between Remainers including chancellor Philip Hammond and business [...]