While broad in scope, the Trade and Cooperation Agreement between the UK and EU does not provide sufficient depth for many businesses who have faced costs which have limited trade. In aggregate, this is costing the UK economicall
Building on the existing framework, the UK and EU should seek to reduce areas of friction and explore opportunities for increased cooperation. This needs to be driven jointly at a political level, which can incorporate the review of implementation scheduled for 2026, as well as the detailed recommendations listed elsewhere in this report, in particular in Sections 1-3.
There are interests and sensitivities for both the UK and EU, but there should be a path to delivering improvements to benefit business and stakeholders on both sides.