Common Contracts
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Subsidies and Competition in The EU-UK Trade and Cooperation Agreement: All Pain for No Gain? Bruce Wardhaugh* AbstractMarch 1st, 2021
This article considers the TCA’s provisions on competition and state aid. It finds, contrary to the desires of those who promoted Brexit on this ground that as a result of the TCA’s provisions, little can change in terms of policy space in the UK’s competition or industrial subsidy regimes. The substantive provisions contained in the TCA and the EU’s regime are in essence identical. The procedural aspects of the TCA’s subsidy provisions may grant the UK some flexibility (or “freedom”). But, we conclude this comes at a high price, given the economic effect to Brexit for the UK.
