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Brexit Trade Deal ‘could Take 10 Years’

December 15, 2016
in Top Stories
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A post-Brexit UK-EU trade deal might take 10 years to finalise and still fail, Britain’s ambassador to the EU has privately told the government.

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The BBC understands Sir Ivan Rogers warned ministers that the European consensus was that a deal might not be done until the early to mid-2020s.

He also cautioned that an agreement could be rejected ultimately by other EU members’ national parliaments.

No 10 expressed confidence in reaching a deal to suit the UK and the EU.

In October, Sir Ivan, who conducted David Cameron’s negotiation over the UK’s relationship with the EU, advised ministers that the view of the 27 other countries was that a free trade agreement could take as long as a decade.

He said that even once concluded, the deal might not survive the process of ratification, which involves every country having to approve the deal in its own parliament.

It is also understood he suggested that the expectation among European leaders was that a free trade deal, rather than continued membership of the single market, was the likely option for the UK after Brexit.

Sir Ivan’s private advice contrasts with ministers publicly insisting a deal can be done in the two years allowed by the triggering of Article 50 – the formal start of the process of leaving the EU.

Downing Street said he was relaying other EU members’ views, rather than his own or the British government’s.

A spokesman said: “It is wrong to suggest this was advice from our ambassador to the EU. Like all ambassadors, part of his role is to report the views of others.”

EU leaders are preparing to meet to discuss Brexit negotiations, without UK Prime Minister Theresa May being present.

Downing Street said Thursday’s meeting showed the EU was facing up to the reality that the UK was leaving.

It is expected that the other members will discuss who will the lead the EU’s negotiating team in Brexit talks.

This is expected to be former EU Commissioner Michel Barnier, who is in charge of the European Commission’s Brexit team.

In other Brexit developments on Thursday the House of Lords EU financial affairs sub-ccommittee has warned that financial services could quit the City of London unless there are transitional arrangements, or a “Brexit bridge” to prevent them moving to New York, Dublin, Frankfurt of Paris.

Meanwhile, UK Brexit Secretary David Davis told MPs on Wednesday that the UK’s Brexit plan was still being worked on and a lot of research had to be done before it was ready.

He said the UK would not spell out its negotiating aims in more detail until February at the earliest.

But a senior EU official has said the 27 member states are sticking to the principle of “no negotiation without notification”, meaning talks can only begin once Mrs May has triggered Article 50.

She has said the UK will formally notify the EU of its intention to leave by the end of March at the latest.

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