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Brexit and control of subsidies

Author

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  • Nicholas Crafts

Abstract

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.

Suggested Citation

  • Nicholas Crafts, 2022. "Brexit and control of subsidies," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 38(1), pages 154-164.
    • Handle: RePEc:oup:oxford:v:38:y:2022:i:1:p:154-164.
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    File URL: http://hdl.handle.net/10.1093/oxrep/grab041
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    Cited by:

    1. Judith Freedman & Glen Loutzenhiser, 2022. "Tax policy in the UK post-Brexit," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 38(1), pages 188-204.
    2. Crafts, Nicholas, 2021. "What Can We Learn from the UK’s Post-1945 Economic Reforms?," The Warwick Economics Research Paper Series (TWERPS) 1370, University of Warwick, Department of Economics.

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