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Coffee House Shots

Will the new Brexit bill spark a trade war with the EU?

Coffee House Shots

The Spectator

News, Daily News, Politics

4.42.2K Ratings

🗓️ 17 May 2022

⏱️ 11 minutes

🧾️ Download transcript

Summary

Liz Truss made a speech in the House of Commons today laying out the government's plans to scrap parts of the Northern Ireland protocol. James Forsyth first broke this story in last week's Spectator magazine. How will the EU react to the news? And could this spark a trade war with the EU?

Moving onto the cost of living crisis, Labour have put forward an amendment to the Queen's Speech asking for a windfall tax. Having once dismissed the idea, the Conservatives are under pressure from some of their backbench MPs to go ahead with the tax. Could this be a big win for Labour?

All to be discussed as Isabel Hardman speaks to Katy Balls and James Forsyth.

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Transcript

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0:00.0

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0:04.3

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0:09.1

Visit candewelth.com to start building your wealth with confidence.

0:16.6

Hello and welcome to Coffee House shots, spectators daily politics podcast.

0:20.8

I'm Isabelle Harbman and I'm joined by Katie Bulls and James Forsyth.

0:25.3

Well today as expected, Fine Secretary Liz Truss has been setting out the law that the

0:30.8

government plans to table on the Northern Ireland protocol. It will allow the UK government

0:37.2

to disregard parts of the protocol and include a number of different ways in which it will do that.

0:43.7

Katie, can you just want us through the different elements of this proposed law?

0:49.0

Yes, so we've known this is coming for some time. I think James is the first to

0:52.7

reveal it in the spectator, but ultimately this was this trust confirming a new law will be

0:58.3

introduced to change the post-Brexit trade deal for Northern Ireland. Now this has not been set

1:04.1

out yet in a sense that it is going through the voting stages. It's more the preliminary stages

1:10.1

and that means that in terms of retaliation from Brussels what we're hearing is you know saying

1:15.5

oh you shouldn't do this still rather than why have you done this. So we're moving forward a

1:19.7

bit but we're not at the point where this is actually activated yet and I think you can see

1:23.7

that from the fact that the DUP who Boris Johnson and his visiting Northern Ireland yesterday

1:28.8

was trying to incentivise to get back and form an executive at Stormont they said well this

1:34.6

goes some other way but you know the proof is in the pudding and we're not about to move on this

1:39.2

until we see that you go further. Now in terms of what the bill would do it would propose green

1:46.5

and red lanes would goods travelling between Great Britain and Northern Ireland. It would ensure

1:50.6

goods moving and staying in the UK are freed of a nest soap bureaucracy if they're not destined for

...

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