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Kirsty Hughes @KirstyS_Hughes
, 8 tweets, 2 min read Read on Twitter
A few thoughts on May’s potential latest Brexit idea, if cabinet agrees:

Idea (perhaps) to essentially stay in EU single mkt for goods & agriculture, not for fisheries nor services. Leave CU but have a customs partnership almost mimicking CU but allowing own trade deals 1.
Various problems:

Why wd EU agree to this without free movement of people? And why wd it agree to it without services ie splitting the 4 freedoms (& when goods & services are often intertwined in one product)? 2.
Why assume fisheries – access to waters – can simply be left out of this v special, cherry-picking deal to benefit of UK? EU won’t go along w this. Why assume EU wd let UK collect its tariffs for all trade? 3.
Why abandon services? May said to believe can offer a good migration deal for EU in return for good mkt access – seems unlikely. NIESR estimates on a Canada-style deal or WTO UK-EU services trade cd fall 61% 4.
Services are 80% of UK economy and accounted for 39% of UK exports to EU in 2017; UK had a £14bn surplus in services w EU in 2017 & global UK services trade at record high in 2016 with a £92.4 bn surplus in services trade 5.
NB This is a range of services not only financial services also professional, scientific and technical and information and communication services amongst others 6.
And what about dispute settlement – an EFTA-style court maybe in which case why not join EFTA/EEA but in that case why not stay in EU? 7.
So overall, why give up UK voice, seat at table & vote on goods & services regulation in EU, to be a rule-taker in goods/agriculture and do huge damage to services sector? And why wd EU go along w this. Unicorns, cake or just political desperation/lunacy 8. ends
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