UK: Grace periods for Northern Ireland providers should be extended to 2023

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In a letter to Maroš Šefčovič, Vice-President for Interinstitutional Relations and Foresight of the European Commission, the British cabinet minister, Michael Gove, said grace periods for Northern Ireland supermarkets and suppliers should be extended to at least January 1, 2023.

Additional conclusions

“We urgently need to analyze the process around the mutual recognition of professional qualifications and the movement of seed potatoes and other plants.”

“Grace periods should be tailored to cover all relevant local businesses and services as licensed merchants.”

“In all cases, what is required now are political solutions, not technical ones.”

“The drug deals should be extended for one more year until at least January 1, 2023.”

“If it is not possible to agree on a way forward in the way we propose, then the UK will consider using all the instruments at its disposal.”

Market reaction

This headline does not appear to be affecting market sentiment. At the time of writing this report, the UK FTSE 100 index it was virtually unchanged on the day at 6,515.

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