"While Keir Starmer fiddles in India, Rome burns. The British steel industry now faces a calamity so severe, insiders say it could be terminal. The vast majority 80% of its output is exported to the EU, which this week revealed plans to cut tariff-free steel import quotas by almost half. The remainder will be subject to a 50% tariff. The UK steel industry will be butchered. Thank you, EU. Thank you, Brexit."
"In May, Starmer timidly negotiated a Brexit reset with Brussels. This injected pockets of sanity into increasingly chaotic border controls, especially on food. A few more EU students whom Brexit had crassly restricted may be admitted, along with a new e-gate for passport entry. There must still be checks they start rolling out from this Sunday to enforce the rule limiting Britons to no more than a quarter of any 12-month period inside the Schengen area."
UK steel production depends heavily on EU exports, with about 80% of output sold to the EU. The EU plans to cut tariff-free steel import quotas by nearly half and apply a 50% tariff to the remainder, threatening severe damage to the UK steel sector. A Brexit reset negotiated in May restored limited sanity to chaotic border controls and allowed modest easing for students and passport entry, but strict Schengen-related checks will be enforced. Other industries, such as chemicals, face major export declines and regulatory costs, prompting firms to seek market realignment with the EU.
Read at www.theguardian.com
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