18 Acknowledged

The Common Understanding agreed with the EU is one of the key outcomes of the...

Conclusion
The Common Understanding agreed with the EU is one of the key outcomes of the Government’s “reset” efforts to date. As and when delivered fully, it should significantly reduce barriers to trade for some sectors, albeit resulting in reduced UK regulatory autonomy due to the commitment to dynamic alignment with EU law. It should also improve cooperation in areas like irregular migration, although it is vague on specific outcomes in that area making scrutiny of progress difficult. (Conclusion, Paragraph 63)
Government Response Summary
The Government was elected on the basis of manifesto commitments to reset relations with our European Partners, while sticking to our red lines, and states it delivered on this.
Government Response
Acknowledged
HM Government Acknowledged
The Government was elected on the basis of manifesto commitments to reset relations with our European Partners, while sticking to our red lines – that we will not return to the Customs Union, Single Market, or freedom of movement. That is what this Government has delivered – though we are clear there is more to do. There are clear areas where closer alignment with the EU can benefit UK businesses, drive growth, create jobs and lower prices. We are already aligning with the Single Market in some areas to drive down the prices of food and energy. This could add up to £5.1 billion a year to our economy, increase agricultural exports to the EU by 16%, and mean lorries will spend less time in queues at the border. Ultimately, this could reduce pressure on food prices for consumers. The Government will look at other areas where the UK and EU can work together, as set out in our manifesto. Deeper economic integration is in our collective interest. As the Prime Minister has stated, we want closer economic cooperation with the EU. It will benefit British businesses, British workers and British security, The Government will continue to take a pragmatic, sector-by-sector approach. We recognise the importance of engaging industry as part of the UK-EU negotiations process, and the Government is in regular dialogue with stakeholders through both formal TCA fora, like the Domestic Advisory Group and the Civil Society Forum, and departmental-led fora on specific thematic issues.