University of Sussex
Browse
Oxrep Subsidies (v3).pdf (242.57 kB)

Brexit and control of subsidies

Download (242.57 kB)
journal contribution
posted on 2023-06-10, 00:48 authored by Nicholas Crafts
The paper reviews the implications of the EU–UK Trade and Cooperation Agreement (TCA) for the control of subsidies. Controls will be less strict than under the EU state aid regime but tighter than with no deal and WTO rules. A subsidy control authority will be established by the UK which will oversee the application of broad principles set out in the TCA. A well-designed authority would help to prevent a repeat of the UK experience in the 1970s and 1980s, when subsidies were detrimental to economic performance. Regrettably, however, the government has decided to adopt a politicized approach to subsidy policy.

History

Publication status

  • Published

File Version

  • Accepted version

Journal

Oxford Review of Economic Policy

ISSN

0266-903X

Publisher

Oxford University Press

Issue

1

Volume

38

Page range

154-164

Department affiliated with

  • Economics Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2021-09-17

First Compliant Deposit (FCD) Date

2021-09-17

Usage metrics

    University of Sussex (Publications)

    Categories

    No categories selected

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC