Thursday, May 25, 2017

''What the UK Conservative Party manifesto says about Brexit'' Alan Matthews

Given that Mrs Theresa May seems certain to be returned as UK Prime Minister with a greatly increased majority after the UK General Election on 8 June next, it is worth paying particular attention to what the Conservative Party manifesto which was launched yesterday has to say on Brexit issues in general and trade, immigration and agricultural issues in particular.
The manifesto actually has little new to say on these topics, with the exception of a new promise to extend agricultural support at current levels to the end of the next parliament, i.e. 2022 compared to the current commitment to maintain support at current levels to 2020. Given that EU agricultural spending may well be reduced in the next Multiannual Financial Framework period, we could end up with the paradoxical outcome that farmers in the UK, supposedly the greatest critic of the CAP, will receive higher payments following Brexit than if the UK were to remain a member of the EU, at least for a period (though of course direct payments are only one factor in farm incomes, and changes in trade access
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