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Transcripts for BBCNEWS World Business Report 20240604 04:40:00

they ve already been put off three times since the uk left the european union. but the government now fears the extra red tape will further disrupt supply chains and add to rising inflation. 0ur economics editor faisal islam explains. boris johnson s brexit borisjohnson s brexit deal prioritised independence for the uk over rules and standards and immigration policy, and the natural result of that was a more distant trade relationship with our major trading partner, europe. the european union applied the extra red tape and paperwork and checks that comes with this new arrangement on day one, january of last year, and that has applied to uk exporters stop investors about coming the other way, it s about eu imports into the uk. they have been delayed three times and what we had today effectively was a further delay of at least a year and a half but the government hopes that by then we will have in place a

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Transcripts for BBCNEWS BBC News 20240604 09:51:00

disrupt supply chains and add to rising inflation as our economics editor faisal islam explains. borisjohnson s brexit deal prioritised independence for the uk over rules and standards in immigration policy, and the natural result of that was a more distant trading relationship with our major trading partner europe. now, the european union applied the extra red tape and paperwork and checks that comes with this new arrangement on day one, injanuary of last year, and that s applied to the uk exporters. this is about going the other way, it s about eu imports into the uk. they ve been delayed three times, and what we had today effectively was a further delay of at least a year and a half, but the government hopes that by then we ll have in place a digitised world trade border for the entire globe that will mean effectively it doesn t have to come into place at all. and so the consequence. that s the sort of positive motivation for it. the more concerning motivation

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