There will likely be disruption to trade flows, including at the border, in the short-term while barriers to trading with the nation’s biggest partner will “likely lead to slower growth and a more prolonged economic recovery” from the coronavirus pandemic, the analysis says.
“This thin deal is better than no deal at all, but still creates major trade barriers with our closest neighbour, which will inhibit growth and slow the economic recovery,” Mr Morris added.
A Government spokeswoman responded that ministers are “fully committed” to upholding the “high standards” agreed in the trade deal.
A hasty analysis of the treaty secured on Christmas Eve began in earnest when it was published in full on Boxing Day – less than a week before its implementation.
Boris Johnson’s post-Brexit trade deal with the EU leaves workers’ rights and environmental protections at risk of erosion and will slow the economic recovery, an early analysis has warned.
The IPPR think tank’s assessment, published on Sunday, says that the bar for proof of breaches of the “level playing field” to safeguard the issues is so high that it will be rarely enforced.
The Prime Minister has insisted that the UK will not regress on the issues and instead has vowed to use the “legislative and regulatory freedoms to deliver for people who felt left behind”.
But as Tory Eurosceptics pore over the 1,246-page treaty to see if they can give their backing, the IPPR added to criticism of the deal from the fishing industry.
If the
agreement, covering £660bn of trade, can be provisionally approved by EU ambassadors, it will then move on to formal ratification by the European Parliament.
The
Brexit agreement will almost certainly be passed by the UK parliament, with Labour backing what it still says is a thin treaty as the alternative would be a chaotic no-deal situation on 1 January.
And
Boris Johnson has said that, although he accepts that the devil is in the detail of the deal, he believes that it will stand up to inspection from sceptics such as the European Research Group (ERG) of Brexiteers. I believe we now have a basis for long term friendship and partnership with the Eu as sovereign equals,
There will likely be disruption to trade flows, including at the border, in the short-term while barriers to trading with the nation’s biggest partner will “likely lead to slower growth and a more prolonged economic recovery” from the coronavirus pandemic, the analysis says.
“This thin deal is better than no deal at all, but still creates major trade barriers with our closest neighbour, which will inhibit growth and slow the economic recovery,” Mr Morris added.
A Government spokeswoman responded that ministers are “fully committed” to upholding the “high standards” agreed in the trade deal.
A hasty analysis of the treaty secured on Christmas Eve began in earnest when it was published in full on Boxing Day – less than a week before its implementation.