Compare and contrast the acceptance of European Union (EU) law primacy by the courts of the United Kingdom (UK) with that of the courts of one other Member State of the EU.
The final bespoke approach is a “strongly mitigated no deal”. This is whereby no deal is reached, and both parties cannot come to a ‘compromise’, instead the UK would no longer have access to the single market and trade under WTO rules. Oxford economics have recently published that his would be a detrimental outcome, and the “UK stood to lose an estimated £75bn in trade directly from exports and another £50m from supply chain impacts by 2020” (Supply Management, 2018). The government is looking for every possibility to not adopt this model, however with the looming 29th of march 2019 getting closer, with the EU rejecting appeals to extend it, it may be an option that the UK is forced to take. Conclusion The UK is in a difficult position, with the UK economy almost completely founded on the service sector currently, it is vital that a deal can be met that allows for access into the single market in terms of services. Secondly, with the UK being a consumer nation, with very little manufacturing, the retail and food industry relies upon the current EU agreement to maintain competitive price and supply levels. Without this, the consumer would be faced with ever increasing expenditure on goods, as the UK is forced to pay tariffs. Whilst current immigrants living in the UK will have their rights protected future immigrants and their ability to work and live in the UK is uncertain. This could impact skills transfer into the UK economy and lead to future labour shortages. Foreign direct investment is another big issue, with many foreign firms locating to London in order to benefit from access to the single market, if this was taken away, attractiveness of future and current firms in London will be diminished potentially leading to relocation. Swiss Banking Giant UBS has recently stated that “As many as 15% of EU companies with operations in Britain plan to move all of their UK staff out of the country after Brexit” (Martin, 2018) The two-scenario’s looking most likely (Switzerland/Canada) are not the best situation for either the UK or the EU, on the on hand, moving towards a Switzerland type approach creates a loss of democratic control, whilst taking a Canada route, would mean restriction of market access, therefore a balance between sovereignty and EU laws needs to be met to be in the best interests of the UK.>GET ANSWER