Less than two weeks before “B-Day”, the Brexit process has descended into disarray. There is still a risk that the UK will crash out of the EU on or shortly after 29 March with no deal in place, notwithstanding King Canute-like attempts to avert this. Perhaps more likely, however, there is a prospect of a long delay of months or years – or equally that PM May’s original Withdrawal Agreement will finally be agreed, meaning in effect status quo ante for trade until the end of 2020. All of this leaves business – including New Zealand exporters – with little certainty, even as the clock ticks down to Brexit.
Brexit has a certain Humpty-Dumpty quality to it The already-parlous state of the Brexit process has worsened this week, with a decision by PM May [read more…]