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There’s a campaign trail debate on whether Britain becomes “more open” or “more protectionist”. The black ink of the new statute book gives a better guide, and the “single market in one country” is the opposite of the great liberalisation. My latest: https://mlexmarketinsight.com/insights-center/editors-picks/trade/europe/brexits-regulatory-revolution-spells-a-less-open-britain …
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UK's WMS. A real gulf on level playing field. And yet much on the same page on form, content and expectations. Nothing like the almost existential differences that plagued May/Juncker negotiations: on what to do in two years, NI, Chequers and so on. https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2020-02-03/HCWS86/ …
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"Exactly the same regulatory frameworks at the point of exit." This, apparently, is not "alignment".pic.twitter.com/bXojLWEQPT
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... in exchange for nothing by way market access. e.g. UK is already obliged to protect EU citizens' pre-Brexit data in line with EU law, but doesn't necessarily get continued data flows via an adequacy decision. Lots of bathwater and no baby.
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The problem for UKis so many sticking points are already swallowed by the UK under the WA: UK-wide state aid; CJEU (Northern Ireland, citizens rights (8 years), financial settlement (c50 years)); GDPR for deposited data; safeguard measures. Positions pretty well overrun...
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PM says UK has seen just four adverse state aid decisions in recent decades, compared to dozens each for France, Germany and Italy. "Who's undercutting?" he asks.
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the PM sticks to the Liam Fox rule of citing Adam Smith and David Ricardo, and only Adam Smith and David Ricardo, in a speech on trade.
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From the EU mandate: specific LPF provisions for aviation in addition to the general provisions of the agreement (because the sector is highly competitive, sensitive to distortions and by definition cross border). Not a freebie...pic.twitter.com/ZQbepiAMBi
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A plan for the UK to reject LPF in state aid, competition, labour law but walk away with an “Australian” aviation agreement might not stack up. EU’s position has always been they are strictly linked, inc under the no deal contingency plan.pic.twitter.com/0T7eMn1AQj
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*or rather, disappearance as a 'hub' for purpose of legal footprint in the EU, not real-world activity
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This was and still is a great piece.. on the race to up UK content for carmakers:https://www.ft.com/content/b56d0936-6ae0-11e7-bfeb-33fe0c5b7eaa …
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The idea Brexit will compel some to increase their UK footprint is pretty baked in (for reasons of regulatory barriers as well as tariffs) as we set out here: https://mlexmarketinsight.com/insights-center/editors-picks/trade/europe/brexits-regulatory-revolution-spells-a-less-open-britain … Q is: does it compensate for UK's disappearance as an EU hub; what's the hit to competitionhttps://twitter.com/faisalislam/status/1224087852960690179 …
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The Brexit fashion for all things Australian is fascinating, and much deeper than sunshine, Five Eyes and Canzuk; but once the major emigration destination for Brits of a certain age, driven by the same malaise that would push Britain into the EEC.https://twitter.com/georgewparker/status/1224039923193466880 …
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“No deal” bombs in focus groups, but “Australian-style deal” is a valiant rebranding effort.https://twitter.com/hendopolis/status/1223726604901371905 …
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The spectacle of the Vote Leave frontman with a majority of 80 being accused by backbenchers of not knowing the People’s Will will be quite something.
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There was maybe a hope that Getting Brexit Done would mean Boris Johnson escapes the (almost ritualistic) fate of his predecessors, of being eaten alive over Europe. Feb 1, the stomach rumbles:pic.twitter.com/tikk6lGDel
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Matthew Holehouse Retweeted
Out of chaos, order. A withdrawal agreement subtly changes the nature of EU membership. Leaving is no more a leap into the void, or a daring prison break, but a predictable, defined, costable procedure. Risky for the EU, but maybe healthy too. https://mlexmarketinsight.com/insights-center/editors-picks/brexit/europe/with-the-exit-door-unlocked-the-nature-of-eu-membership-is-transformed …
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A mark of how far the UK's current state has been improvised: shortly before Art 50 was triggered, MEPs disputed whether a transition period (ie tomorrow) would even be constitutionally possible. https://mlexmarketinsight.com/insights-center/editors-picks/brexit/europe/brexit-transition-deal-could-be-impossible-to-get-eu-lawmakers-say …
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Out of chaos, order. A withdrawal agreement subtly changes the nature of EU membership. Leaving is no more a leap into the void, or a daring prison break, but a predictable, defined, costable procedure. Risky for the EU, but maybe healthy too. https://mlexmarketinsight.com/insights-center/editors-picks/brexit/europe/with-the-exit-door-unlocked-the-nature-of-eu-membership-is-transformed …
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Matthew Holehouse Retweeted
Welcome to
#BrexitDay. The nightmare of phase one is nearly over; phase two is going to be even worse. As we edge towards formal negotiations starting on March 3, redlines will be drawn and history tells us that London will back down before Brusselshttps://edition.cnn.com/2020/01/31/uk/european-union-brexit-intl-gbr/index.html …Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo -
If HMG thinks that system respects the U.K. constitution, why worry about extending its remit? And if it doesn’t, it’s a shade too late to make it a red line...
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