So what is happening with #Brexit? Some thoughts after chats with both sides. 1/Thread
telegraph.co.uk/politics/2018/…
Raab talks about "good progress" but actually talks are at a standstill. He bounces around looking all perky and boxerly, but there's isn't much to say. On the tough stuff anyway. /2
Markets jump for joy, but they overlook that "IF" and what Barnier means by "realistic".
So what does he mean? /3
Both sides think that the threat of "no deal" will make the other more "realistic" - meaning the opposite of each other/5
One recent meeting on goods regulations was particularly bad. Barnier thinks the UK is stalling, waiting for political intervention after Salzburg Summit next week. /7
telegraph.co.uk/politics/2018/…
Not on single market for goods, the four freedoms and the backstop - there must be checks, and logically they will need to be in the Irish Sea, even if de-dramatised. /9
The Brits say the "biggest risk" is EU thinking May is not serious about no Irish Sea customs border. She's said it over and over in public and private: “We keep saying it. Do they not have ears?” /11
washingtonpost.com/news/worldview…
So to the EU the "biggest risk" is the UK stakes all it's political capital demanding something (cherry-picked Chequers, or a variant thereof) they cannot agree to. /15
Tough time to be asking for Brussels to create cracks in the walls of the single market. To build off-ramps that others might one day use. /16
Promise of a trade deal, with "customs facilitations" and lots of "add-ons" - security etc /18
But in the absence of their two preferred solutions, how much clarity can British politics really bear? /23
And large assumptions that the other side will become more "realistic" when the heat gets on in November. /24
25/END