ECJ bugbear undermines London’s negotiating position
Wednesday, August 23, 2017
Significance
The role for the ECJ after Brexit will be a key sticking point as negotiations between London and Brussels progress.
Impacts
- Fragmentation in regulatory standards would make it much harder for the United Kingdom to trade with the EU.
- The dissonant position adopted by the UK government increases the risk of delay, and ultimately of failing to secure a deal.
- Unless London settles on stable guidance for interpretation of EU law post-Brexit, uncertainty for firms, investors and citizens will rise.