The measures seek to ensure "basic air connectivity ... to ensure the provision of certain air services between the U.K. and the EU for 6 months, provided the UK ensures the same" as well as measures to ensure aviation safety continues. It also proposes regulation covering basic connectivity with regard to both road freight, and road passenger transport for 6 months, again provided it is reciprocated by the U.K.
These would be: "1) Lower GDP growth as frictions hit output and trade; 2) Higher costs in GBP terms as sterling falls versus other currencies, and 3) lower real incomes for consumers as the basket of goods they buy becomes more expensive in sterling terms."
Fish dicks
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