The UK is about to enter an unprecedented recession due to the worldwide effect of Coronavirus. Anything that would further weaken the economy at this time would be catastrophic. The UK has, sadly, already left the European Union (EU), and is in a transition period, where we continue to follow the EU’s rules whilst the details of a deal between the UK and EU on trade and more are worked out. This transition period is due to end on 1st January 2021.
There are several good reasons why this transition period should be extended:
- The negotiations between the UK and the EU are not going well. This is partly because the government has other priorities due to the Covid-19 crisis. The UK government is also showing the same intransigence and incompetence that have worsened the Covid-19 crisis. The risk of reaching the end of transition with no deal at all are high: that would be utterly disasterous for the UK economy.
- The government should be concentrating on Covid-19. One crisis at a time, please.
- All economic analysis by respected and independent experts (as in this report) shows that ending our current arrangements with the EU will damage the UK’s economy, to different extents depending on the nature of the final deal. This damage must be postponed until the UK can afford it.
The EU has indicated that it would be prepared to extend the transition period; see the letter from the EU’s chief negotiator, Michel Barnier, below.
The UK government has repeatedly stated that it is not willing to extend the transition period. It is up to us to persuade our MPs to make them change their mind (or to change the people at the top of the government, which is becoming a little more likely by the day).
Pleae write to your MPs and let them know how you feel.