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Weekly Brexit Update – 16 April 2021

by 2 Mins Read

Irish Sea border posts ‘delayed by two years’ – BBC News (15 April)

  • A Stormont committee was told this week that the timeframe for permanent facilities to operate the Irish Sea border has slipped, and that they are not expected to be built before 2023.
  • Tenders had been agreed for the work, and contractors may be entitled to payments of up to £300,000 as a result of the delay.

City of London – Brexit hit worse than expected – Reuters (16 April)

  • Hundreds of financial firms have moved activities, staff and a combined trillion pounds in assets to hubs in the European Union due to Brexit. The study reports that this trend will increase as time goes on, with some moves delayed due to COVID-19.
  • The majority of relocations have been to Dublin (135) and Paris (102), followed by Luxembourg, Frankfurt and Amsterdam.

MEPs back UK trade deal as efforts mount to ease Brexit Tensions – FT (15 April)

  • Two European Parliament Committees approved the Trade and Cooperation Agreement amidst continuing Brexit tension in Northern Ireland.
  • The EU and UK have been holding talks in recent days regarding the situation in Northern Ireland and the implementation of the protocol. Both parties have indicated they are willing to work together towards a solution.

UK exports to EU rebound partially after January’s slump – BBC News (13 April)

  • UK exports to the EU recovered in February after a slump in January, jumping 46.6%; UK imports from the EU witnessed a weaker recovery, at just 7.3%.
  • The Office of National Statistics and business analysts attributed the January decline to a combination of stockpiling in December in preparation of new trading rules and the impact of the new Kent variant of COVID-19 causing border delays.
  • A Government spokesperson has described this as ‘welcome growth’ and suggested that traders have adapted well to the changes.
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Jessica's practice focuses on international trade and anti-bribery work, encompassing customs, export control and sanctions matters. Jessica's trade work includes advising international clients on fast-moving and evolving EU and UN sanctions, notably in respect of Iran and Russia, and on compliance with UK and EU export controls. Her trade experience also includes advising on tariff classification and customs valuations. Jessica's anti-bribery experience includes assisting with investigations, and advising clients on compliance with anti-bribery laws. Jessica has also taken a lead role in monitoring Brexit-related developments; analysing how they will affect the UK's trading position generally, and clients' businesses specifically. She has helped clients begin to conduct risk assessments of how Brexit will impact their businesses, and has assisted them in developing tailored Brexit strategies. Jessica also presents at various seminars, webinars, and conferences on the complexities of Brexit. Jessica advises global clients on complex issues arising from international transactions and works with clients across a number of sectors including pharmaceuticals, defence, finance, aviation, energy, and telecommunications. Jessica has also worked previously in Paris, and is fluent in French.

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