UK Chancellor Sajid Javid has warned manufacturing leaders that there will be no alignment with EU regulations once Britain’s exit from the European Union is made official.
In an interview with the Financial Times. Javid said the Treasury would not lend support to manufacturers that favour EU rules as the sector has had three years to prepare for Britain’s transition
“There will not be alignment, we will not be a ruletaker, we will not be in the single market and we will not be in the customs union — and we will do this by the end of the year,” Javid said.
“We’re … talking about companies that have known since 2016 that we are leaving the EU.”
Labour’s David Lammy warned this will be “catastrophic for workers”:
This is not only a disaster for businesses. It's catastrophic for workers and the public services which depend on them too. Brexit will hurt most those communities it claimed to help.https://t.co/exTlcARDZ9
— David Lammy (@DavidLammy) January 18, 2020
Shadow chancellor John Mcdonnell also criticised Javid:
Tory promises of frictionless trade post Brexit prior to election now exposed as not worth paper they were written on. Fears now made real about food price increases & threats to jobs in motor industry & manufacturing.Right Ideology overriding common sense https://t.co/95aJczgVpJ
— John McDonnell MP (@johnmcdonnellMP) January 18, 2020
Many other people challenged Javid on social media:
Javid demands businesses adjust to new regulations whilst refusing to say what they will be.
How precisely do they do that?
And he wants economic growth to double at the same time?
He’s an idiot.
— Dr Lindsay Girly-Swot 🕷🏴Maxwell Esq. (@ParisDaguerre) January 18, 2020
No alignment with the EU, says Javid, admitting businesses will suffer as a result without offering any sane rationale for non-alignment.
Apparently the UK can't stomach following rules mutually agreed with foreigners, no matter how damaging.
Xenophobia in trade policy form.
— Simon Bruni (@SimonBruni) January 18, 2020
— Simon Gosden. Esq. #fbpe 🕷🇪🇺🇬🇧🏴☠️ (@g_gosden) January 18, 2020
There is concern among some UK business sectors about leaving the current trading partnership without a new deal to reduce border friction.
Javid admitted that some businesses may not benefit from Brexit, but insisted the UK economy would ultimately continue to thrive in the long-term.
“Once we’ve got this agreement in place with our European friends, we will continue to be one of the most successful economies on Earth,” he said.
Javid aims to sell his vision for Britain’s economy post-Brexit when he travels to Davos next week for the World Economic Forum.
We need your help to keep speaking the truth
Every story that you have come to us with; each injustice you have asked us to investigate; every campaign we have fought; each of your unheard voices we amplified; we do this for you. We are making a difference on your behalf.
Our fight is your fight. You’ve supported our collective struggle every time you gave us a like; and every time you shared our work across social media. Now we need you to support us with a monthly donation.
We have published nearly 2,000 articles and over 50 films in 2021. And we want to do this and more in 2022 but we don’t have enough money to go on at this pace. So, if you value our work and want us to continue then please join us and be part of The Canary family.
In return, you get:
* Advert free reading experience
* Quarterly group video call with the Editor-in-Chief
* Behind the scenes monthly e-newsletter
* 20% discount in our shop
Almost all of our spending goes to the people who make The Canary’s content. So your contribution directly supports our writers and enables us to continue to do what we do: speaking truth, powered by you. We have weathered many attempts to shut us down and silence our vital opposition to an increasingly fascist government and right-wing mainstream media.
With your help we can continue:
* Holding political and state power to account
* Advocating for the people the system marginalises
* Being a media outlet that upholds the highest standards
* Campaigning on the issues others won’t
* Putting your lives central to everything we do
We are a drop of truth in an ocean of deceit. But we can’t do this without your support. So please, can you help us continue the fight?