A joint initiative between the World Bank and the WTO has led to the release of the Services Trade Policy Database (STPD), which provides information on the services trade policies and regulations applied by 68 jurisdictions in financial services, telecommunications, distribution, transport, and professional services.
At the same time, the group launched the updated Services Trade Restrictions Index (STRI), based on the updated database, which measures and compares the restrictiveness of the different countries’ policies. Allowing for greater insight into the current services trade policy patterns.
The new STPD is available here. The updated STRI is available here.
A scenario in which the UK leaves the EU without agreement (a ‘no deal’ scenario) remains unlikely given the mutual interests of the UK and the EU in securing a negotiated outcome.
Negotiations are progressing well and both we and the EU continue to work hard to seek a positive deal. However, it’s our duty as a responsible government to prepare for all eventualities, including ‘no deal’, until we can be certain of the outcome of those negotiations.
For two years, the government has been implementing a significant programme of work to ensure the UK will be ready from day 1 in all scenarios, including a potential ‘no deal’ outcome in March 2019.
It has always been the case that as we get nearer to March 2019, preparations for a no deal scenario would have to be accelerated. Such an acceleration does not reflect an increased likelihood of a ‘no deal’ outcome. Rather it is about ensuring our plans are in place in the unlikely scenario that they need to be relied upon.
This series of technical notices sets out information to allow businesses and citizens to understand what they would need to do in a ‘no deal’ scenario, so they can make informed plans and preparations.
This guidance is part of that series.
Also included is an overarching framing notice explaining the government’s overarching approach to preparing the UK for this outcome in order to minimise disruption and ensure a smooth and orderly exit in all scenarios.
We are working with the devolved administrations on technical notices and we will continue to do so as plans develop.
Full UK Government Guidance Note Here
Solicitors Regulation Authority (SRA) Response
Bar Standards Board (BSB) Response