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31. UK-EU regulatory divergence tracker: third edition

Author:
Joël Reland, Jill Rutter, and Anand Menon
Publication Date:
03-2022
Content Type:
Special Report
Institution:
UK in a Changing Europe, King's College London
Abstract:
This is the third edition of the UK in a Changing Europe’s UK-EU regulatory divergence tracker, covering 27 cases of divergence since December 2021. There are fourteen cases of active divergence (where the UK – or some part of it – takes steps to move away from retained EU law), ten of passive divergence (where the EU legislates and the UK – or some part – does not follow), and three of procedural divergence (where the UK has to introduce new systems to manage policy absent substantive divergence). There are also eleven cases with an additional ‘internal impact’ label, to indicate where UK-EU divergence is leading either to divergence in regulation between different parts of the UK, or has some other impact on the operation of relations between the four UK governments.
Topic:
European Union, Regulation, and Brexit
Political Geography:
United Kingdom and Europe

32. Post-Brexit imports, supply chains, and the effect on consumer prices

Author:
Jan David Bakker, Nikhil Datta, Josh de Lyon, Luisa Opitz, and Dilan Yang
Publication Date:
04-2022
Content Type:
Working Paper
Institution:
UK in a Changing Europe, King's College London
Abstract:
This report documents the decrease in imports and shows how the patterns of imports vary across sectors following the UK’s departure from the Single Market and Customs Unit at the end of 2020. The authors, Jan David Bakker, Nikhil Datta, Josh De Lyon, Luisa Opitz, and Dilan Yang, focus on comparisons between imports from the EU and imports from non-EU countries. Some products, such as fats, oils, and waxes, experienced a sizeable decrease in trade volumes with EU countries compared to those of non-EU countries in January 2021. Other products, such as minerals, experienced minimal deviation in imports from the EU versus non-EU. We also document that the timing of import changes varies across products: in some cases, the deviation occurs pre-TCA, and there is some evidence of stockpiling; in other cases, the changes only occur post-TCA, and can be either short term or persistent. The fall in imports from the EU will affect the UK economy through its impact on supply chains. Two-thirds of international trade is in products used as inputs to production. We show that imports from the EU fell for products that are used as inputs to production in many industries in the UK. For some sectors such as agriculture, fishing, and car manufacturing, there is evidence that imported inputs began to be sourced from non-EU countries pre-TCA. For others, including vegetable oil, animal fats, prepared animal feeds, and pharmaceuticals, the adjustments occurred post-TCA. Evidence suggests that increased access to intermediate inputs can boost productivity, so a reversal is likely to cause a fall in productivity. Imports also provide cheaper goods to consumers, as well as a wider variety of choice. Focussing on food products, we show that the drop in imports after Brexit caused an increase in prices. Products that were more heavily reliant on imports from the EU increased in price following the election of Boris Johnson in 2019, pre-TCA and then increased further post-TCA. This report therefore shows that changes in imports of goods from the EU have affected UK firms’ supply chains. Part of this change is driven by the adjustment costs incurred as part of the new trading relationship and is likely to be short term, but another part is likely to reflect a long-term increase in the cost of inputs from the EU, which make up a sizable contribution of total imports. This could have a knock-on effect for consumers who will face higher prices, and for workers whose jobs will be affected by adjustments in the supply chain.
Topic:
European Union, Brexit, Trade, Imports, and Supply Chains
Political Geography:
United Kingdom and Europe

33. UK-EU regulatory divergence tracker: fourth edition

Author:
UK in a Changing Europe
Publication Date:
07-2022
Content Type:
Special Report
Institution:
UK in a Changing Europe, King's College London
Abstract:
UK in a Changing Europe’s series of regulatory divergence trackers provide an overview of where and how the UK has used its newfound regulatory freedoms to diverge from EU regulation. It identifies and analyses the most significant cases of divergence between the UK and EU which have taken place since Brexit. It explains what the changes are, what impact they are having, and likely further consequences. This is the fourth edition of the tracker, covering changes which have taken place since March 2022.
Topic:
European Union, Regulation, and Brexit
Political Geography:
United Kingdom and Europe

34. The Northern Ireland Protocol Bill: context and consequences

Author:
Catherine Barnard, Joelle Grogan, Katy Hayward, Andrew McCormick, and Jill Rutter
Publication Date:
10-2022
Content Type:
Special Report
Institution:
UK in a Changing Europe, King's College London
Abstract:
The UK government introduced a piece of primary legislation, the Northern Ireland Protocol Bill, in response to concerns over the Protocol on Ireland/Northern Ireland. This report explains some of the context to the Bill, the conditions in which it has emerged and its potential ramifications for Northern Ireland, the UK, the EU, and UK-EU relations. It also considers a number of ways in which the stand-off over the Protocol might be resolved. The report brings together the insights of several experts: Catherine Barnard (University of Cambridge, and UKICE), Joelle Grogan (UKICE), Katy Hayward (Queen’s University Belfast), Andrew McCormick (formerly lead official on Brexit for the Northern Ireland Executive) and Jill Rutter (UKICE).
Topic:
Treaties and Agreements, European Union, Constitution, and Brexit
Political Geography:
United Kingdom, Europe, and Northern Ireland

35. UK-EU regulatory divergence tracker: fifth edition

Author:
UK in a Changing Europe
Publication Date:
10-2022
Content Type:
Special Report
Institution:
UK in a Changing Europe, King's College London
Abstract:
UK in a Changing Europe’s series of regulatory divergence trackers provide an overview of where and how the UK has used its newfound regulatory freedoms to diverge from EU regulation. It identifies and analyses the most significant cases of divergence between the UK and EU which have taken place since Brexit. It explains what the changes are, what impact they are having, and likely further consequences. This is the fifth edition of the tracker, covering changes which have taken place since May 2022. It finds there are 13 cases of active divergence (where the UK or some part of it changes its rules), nine of passive divergence (where the EU changes its rules and the UK does not follow), and three of procedural divergence (changes in the systems for managing pre-existing divergence). In addition, there are two cases of a new category – legal action – where the actions of one side result in the other initiating a legal dispute.
Topic:
European Union, Regulation, and Brexit
Political Geography:
United Kingdom and Europe

36. Manufacturing after Brexit

Author:
David Bailey and Ivan Rajic
Publication Date:
01-2022
Content Type:
Special Report
Institution:
UK in a Changing Europe, King's College London
Abstract:
In mid-2020, UK in a Changing Europe published its report on the effects of Brexit on UK manufacturing, and the likely effects after the end of the transition period. The present report is an updated view of where UK manufacturing stands after Brexit. The report finds: The Trade and Cooperation Agreement (TCA) helped avoid tariff barriers. However, non-tariff barriers have returned, and the end of the transition period has brought adverse impacts for UK manufacturing. The TCA does not fully replace the frictionless trade and market integration that existed before it. The main adverse effects have been: administrative barriers to trade (e.g. customs formalities, proving rules-of-origin requirements) disruptions to labour flows, both affecting certain manufacturing sectors directly (e.g. food and drinks) and indirectly harming manufacturing by damaging service sectors (e.g. logistics) that support it. The adverse impacts are for now mainly showing through reduced exports and imports to and from the EU (around 15% less for both, as compared to a no-Brexit scenario), and through some production disruptions. The ongoing conflicts around Northern Ireland probably represent the biggest risk to UK-EU relations, with the potential to affect the entire TCA in case they escalate. Potential benefits from Brexit have yet to be felt: – There has been some redirection of exports towards non-EU countries, but this has not compensated for the reduction in trade with the EU. The UK has signed only two truly new trade agreements, with New Zealand and Australia, the former still only ‘in principle’. Both countries account for a small fraction of total UK trade, and the expected benefits of the trade agreements with them are minor. Trade negotiations with the US are currently stalled. Whether there is more progress on the trade front in the future remains to be seen. If there is more regulatory divergence from the EU going forward, it will become possible to see whether it will bring benefits or disruptions to UK manufacturers. Any benefits that may potentially arise out of Brexit will not happen automatically. The UK needs an active, integrated, and well-funded industrial policy, within a stronger devolution framework, if UK manufacturing is to benefit from future growth opportunities. This is especially the case in the context of net zero, industry 4.0 and levelling up. The impact of Brexit on manufacturing is likely to be most profound in regions in the north and midlands. That in turn will make levelling up more challenging.
Topic:
Treaties and Agreements, European Union, Economy, Brexit, Manufacturing, and Trade
Political Geography:
United Kingdom and Europe

37. Doing things differently? Policy after Brexit

Author:
UK in a Changing Europe
Publication Date:
01-2022
Content Type:
Special Report
Institution:
UK in a Changing Europe, King's College London
Abstract:
Brexit is done, but what does it mean? Doing things differently? Policy after Brexit brings together a number experts in their respective fields to investigate how policy and policymaking have changed in a range of sectors. We asked them to consider how changes so far compare to what was promised before Brexit, and to analyse what changes lie ahead and what their impact might be. Their contributions are divided into three sections: first, those policy areas (trade, immigration, agriculture, fisheries and subsidies) where Brexit compelled the UK to put in place alternative policies. Second, those retaining significant amounts of EU law where the government could think seriously about divergence (financial services, procurement, taxation, consumer protection, environmental policy, energy policy and aviation). A final section considers new or emergent sectors in which both the UK and EU are looking to dip their regulatory toes (climate change and net zero, data and digital, autonomous vehicles and bioscience).
Topic:
Agriculture, Immigration, European Union, Regulation, Brexit, Trade, Fishing, Subsidies, and Policymaking
Political Geography:
United Kingdom and Europe

38. An EU border across Britain: Scotland’s borders after independence

Author:
Katy Hayward and Nicola McEwen
Publication Date:
02-2022
Content Type:
Special Report
Institution:
UK in a Changing Europe, King's College London
Abstract:
This report, An EU border across Britain: Scotland’s borders after independence, considers the prospect of an independent Scotland within the European Union, not as a prediction, but to illustrate how Brexit has profoundly changed the context in which independence is contested and could be realised. If an independent Scotland were to join the EU, the Anglo-Scottish border would become not just an international border between Scotland and what remains of the UK, but a new land border between the EU and the UK. Some of the crossborder arrangements for an independent Scotland that had been envisaged in the 2014 referendum would no longer be possible as a result of the UK’s departure from the EU. Because we know what is required by the EU at its external borders, it is possible to outline the border-related ramifications for an independent Scotland with EU membership. Such ramifications centre upon the land border with its closest neighbour.
Topic:
Sovereignty, European Union, Brexit, Borders, Independence, and Referendum
Political Geography:
United Kingdom, Europe, and Scotland

39. Time for Fresh Thinking on Northern Ireland and Brexit

Author:
David Henig
Publication Date:
02-2022
Content Type:
Policy Brief
Institution:
European Centre for International Political Economy (ECIPE)
Abstract:
The Good Friday / Belfast Agreement became, with considerable efforts over several years from so many involved, a broadly accepted if never fully stable political framework for Northern Ireland. A year after implementation, the prospect of the Northern Ireland Protocol delivering similar results is diminishing. Instead, there is a risk it entrenches divisions in which all sides believe others, not themselves, must be the ones to compromise most. Such divisions around the Protocol have spread beyond the land and sea borders of Northern Ireland, increasingly overshadowing relationships between the UK and the EU, and the UK and the US. These are not in any of their wider interests. Talk of trade wars in Europe cannot strengthen any economy, while the UK’s diplomatic relationships with the US remain strained. Finding unity on huge questions like Russia-Ukraine becomes harder against this backdrop. To varying degrees, all of the parties involved in the Northern Ireland Protocol discussions were involved in reaching the 1998 Agreement that ended the 30-year period known as ‘the troubles’. Drawing on the lessons from that time and the arrangements they put in place, there is a need for a new political process, outside of technical discussions on trade matters within the Protocol. A new shared endeavour is needed to resolve what otherwise threatens to be a long and damaging Northern Ireland and Brexit stalemate.
Topic:
Treaties and Agreements, Brexit, and Domestic Politics
Political Geography:
United Kingdom, Europe, and Northern Ireland

40. Mapping banking centres globally since 1970

Author:
Emmanuel Mourlon-Druol
Publication Date:
07-2022
Content Type:
Working Paper
Institution:
Bruegel
Abstract:
Brexit and the rise of China as a leading international economic power have revived discussions about the geography of banking centres. This paper analyses the geographical evolution of banking centres since the 1970s, based on a database constructed from a ranking of the top banks in the world created by The Banker magazine, a UK-based monthly publication specialised in international financial affairs. We describe both how the database was created and the ways in which it can be used to inform policy on money and capital markets. We address why the data can be used to proxy the size of International Financial Centres (IFCs) and the methodological limitations it may present. We find that banking consolidations and the evolution of the legal framework are more central to the changing geography of banking centres than economic and financial crises. We also highlight that, despite major shifts in global economic power, leading banking centres are hard to replace.
Topic:
Economy, Brexit, History, Fiscal Policy, and Banking
Political Geography:
Global Focus