Brexit and the Reciprocity Gap

In our 3 part video series on Brexit implications for media businesses we touched on some of the issues which the industry will be working on over the next two years to try to ensure that the UK’s intended departure from the EU passes as smoothly as possible. In this article we touch on one particularly thorny issue, the possibility of a Brexit reciprocity gap in the media sector. If this were to happen it could leave some UK-based media businesses at a significant competitive disadvantage compared with equivalent businesses based in the EU. We explain the issue below, and suggest that it is likely to be a key focus for media businesses in their engagement with Government in the short to medium term.