Search
Close this search box.
>
>
>
>
Trade and Cooperation Agreement – Three Years On

Trade and Cooperation Agreement – Three Years On

TRADE AND COOPERATION AGREEMENT THREE YEARS ON

PROPOSALS FOR REFORM BY UK BUSINESS

The third year of the Trade and Co-operation Agreement (TCA) has seen several significant milestones that have changed some of the dynamics of the UK’s trading relationship with the EU.

These include the introduction and phased implementation of the Windsor Framework, a welcome thawing of UK-EU relations thereafter, and the UK re-joining the Horizon Europe research and scientific co-operation programme, as well as Copernicus.

A new survey by the BCC’s Insights Unit of 733 businesses (97% SMEs) shows the difficulties facing British firms in using the TCA have not eased.

The BCC report also highlights a fresh set of challenges approaching as UK and EU regulations diverge, creating further headaches for traders on both sides of the Channel.

Trade and Co-operation Agreement – Three Years On

KEEP UP TO DATE

Latest News

Services continue to perform particularly well among UK exports, with solid increases in the past three months. Goods exports performed less well in April, as in recent months.
While the broader trend is ticking up, downside risks remain. Many businesses we speak to are still held back by skills shortages, high borrowing costs, and trade barriers with the EU.
There are further signs that the labour market is cooling as vacancies continue to fall and unemployment ticks up. However, this has yet to translate into any noticeable weakening of growth in real wages.