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Brexit and control of subsidies
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 PolicyISSN
0266-903XPublisher
Oxford University PressExternal DOI
Issue
1Volume
38Page range
154-164Department affiliated with
- Economics Publications
Full text available
- No
Peer reviewed?
- Yes