The truth about Brexit, the "EU is punishing us" narrative & what "no deal" actually means... (1/19)
#bbcr4today #gmb #r4today #bbcbreakfast #victorialive #politicslive #LBC #bbcnews #C4News #itvnews #skynews #5news #bbcpapers #skypapers #peston #bbcqt #itvtonight #bbctw #bbcaq
The EU isn't punishing the UK for Brexit. We are punishing ourselves. Losing all the benefits of EU membership IS punishment. Just like no longer being able to use the fitness equipment or the weights is punishment for quitting the local gym. 2/19
You might well put on weight because you cancelled your gym membership. But you wouldn't turn around and say "Hey, the gym's punishing me for leaving by making me fat!" That's the consequence of losing your gym membership, not the fault of the gym. 3/19
Identical logic applies to the EU. The EU is not trying to be vindictive or teach us a lesson. It is merely applying the Article 50 rules. Article 50 is a simple set of rules that explains exactly what happens when a country decides to leave the EU. 4/19
lisbon-treaty.org/wcm/the-lisbon…
Note that the UK was fully involved in agreeing Article 50, and that a Brit (Lord Kerr) drafted it! Article 50 was written in 2009, 7 years *before* we had the referendum. So successive governments have known exactly what leaving under Article 50 would entail. 5/19
The third rule of Article 50 states that all EU treaties AUTOMATICALLY cease to apply to a country exactly 2 years after they invoke Article 50. In the UK's case, that's March 29, 2019 (at 11pm). We lose all treaty benefits by default ("no deal") unless a deal is in place. 6/19
If you're finding it difficult to visualise the Article 50 legal process, imagine a conveyor belt with a pool full of sharks at the end. WE chose to get on the belt, totally unprepared. It WILL dump us in the sharks on 29 March 2019 at 11pm, unless we reach a deal. 7/19
Again, none of this is "punishment", it's just how Article 50 works. Remember, Theresa May knew this BEFORE she invoked Article 50 to begin the process of separating the UK from the EU. Remember too that we are the ones who chose to leave, it's not the EU sending us away. 8/19
At the moment, we enjoy the benefits of over 750 treaties as EU members. Many of them cover free trade with the EU and 40+ non-EU countries. But they also address a huge range of other issues, from air worthiness to drivers licenses, UK & EU citizen rights, food safety, etc. 9/19
The EU have proposed many different templates for our future relationship. We rejected them all. Our attitude is like going into Thorntons & demanding they rip open all their selection boxes of chocolates so that we can pick our absolute favourites. 10/19
ec.europa.eu/commission/sit…
If we fail to agree a deal, all those treaties will end, poof, just like that. In the blink of an eye, at 11pm on 29 March 2019, we will go from 750+ treaties to none. Life in the UK will change instantly as a consequence of losing all the benefits of those treaties. 11/19
We will suddenly have nobody we can trade freely with, without tariffs. Planes may lose the legal right to fly. You may need an international driver's license to drive on the Continent, and a visa too. Hundreds of other aspects of day-to-day life will be impacted. 12/19
Of course, each of those 750+ treaties can be replaced by a new agreement. But each new agreement will have to be negotiated one-by-one. Some with the EU, some with individual countries inside and outside the EU. That's a staggering amount of work! 13/19
ft.com/content/f1435a…
So when you hear somebody saying "We'll be fine with no deal" they're really saying "don't worry, we'll manage to sort out side arrangements for over 750 treaties with each of 27 EU countries, and dozens more countries around the world, all before 11pm on 29 March 2019." 14/19
How believable does that sound? Can a Government that has not yet agreed on a Brexit strategy 2 years after the referendum magically conduct hundreds of *successful* side-negotiations in the next six months? That's why "no deal" is so bad. That's why people sound panicked. 15/19
So far, we've only talked about the consequences to the UK. But of course there's also the NI border, Gibraltar, the fate of UK citizens in the EU & EU citizens in the UK, and many other issues. Under "no deal", all these become unknown unknowns. 16/19
The only real "Project Fear" is the terror those who understand how the Article 50 process works feel at the prospect of failing to reach a deal before the clock ticks down to 11pm on 29 March 2019. And that's the truth. 17/19
P.S. Some people imagine that "no deal" means the status quo. We have a shared responsibility to correct them. No deal is as far from the status quo as it’s possible to be. No deal = no withdrawal agreement = no transition period. Over the cliff edge we go on March 29 2019. 18/19
Thanks for reading this far. Sorry it was such a long read. Please spread the word if you feel it deserves a wider audience. Again, thank you. 19/19
NOTE: If you'd like this material in a readable version (without graphics, which are not mine to reproduce) I've formatted it as a 2-page PDF. Please feel free to disseminate in any way you like as long as you don't claim authorship or charge for it.
docdro.id/AkJij3T
Parting thought: it is extraordinarily difficult to break out of Twitter’s echo chamber! So if you know any comedians, journalists, musicians, authors, actors, celebrities, MPs or other influencers who might be willing to spreading the word, please reach out to them directly.
Added: to find out MUCH more about the trade & non-trade treaties that apply to the UK, and what may happen to them after Brexit, see the House of Commons
International Trade Committee's "Continuing application of EU trade agreements after Brexit" report:
publications.parliament.uk/pa/cm201719/cm…
Added #2: If you can spare 23 minutes and 29 seconds, this brilliant explainer video by @JasonJHunter neatly sums Brexit up. It covers where we were, how we got here, and what do we do now (beside panic).

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More from @uk_domain_names

Feb 6
Before Brexit...
- EU Trade: super easy.
- Rest of the World Trade: hard.

Since Brexit...
- EU Trade: hard.
- Rest of the World Trade: hard.

The difficulty gap may have "narrowed", but not in a way that benefits businesses at all. Trade is on average harder than before Brexit.
Does it encourage firms to consider trading more outside the EU?

Maybe - but only because they'll have a lousy experience everywhere.

It's like raising the price of apples from £10 to £20, keeping pears at £20. Sells more pears? Maybe. But overall, consumers end up paying more.
A smart country would have tried to figure out how to make hard trade with the rest of the world easier.

A dumb country decided instead to make super easy trade with the EU as hard as trade with the rest of the world.

Welcome to Brexit Britain, where brain cells come to die.
Read 4 tweets
Feb 6
Kirstie Allsopp (bought 1st property age 21) claims young people should fritter less to get on the housing ladder.

HOWEVER...

Average House Price (Nationwide)
- 1992: £50,168
- 2021: £253,113

BOE Inflation Calculator
£50,168 in 1992 = £110,472.43 in 2021

Aha! Penny drops.
Another way of looking at it...

Kirstie Allsopp said her job paid £11,500 a year at the time she bought her first property.

That would be £25,323.57 in 2021 money.

£50,168 is the equivalent of 4.36x her 1992 salary.

But £253,113 is 9.99x her nominal 2021 equivalent salary.
Simply put, a given house is more than twice as unaffordable today (everything else being equal) than in 1992.

Quite amazing that someone who has lived and breathed the property sector for decades seems oblivious to the above differential.

It's hardly rocket science.
Read 5 tweets
Feb 4
The Brexit effect, hurting a business badly.

(Problem is EU students can no longer travel on ID cards because the UK now requires passports, but kids don't need passports because they can go all over the EU on IDs. Catch-22.)
Read 4 tweets
Feb 3
Look at the scam in this Treasury press release.

They've called the £200 loan towards energy bills a rebate. It *isn't* a rebate because consumers must repay it in 5 instalments.

Then in the next paragraph there's a council tax rebate that *is* a rebate.
gov.uk/government/new…
It's also referred to as a discount.

Can you imagine if Tesco or Amazon applied the same logic?

We'll give you £20 off your shopping now, but you'll owe us 5 legally binding payments of £4.

You'd be livid if they tried to claim that represented a discount.

It's a 0% APR loan.
And here's the really devious part: the Tories are buying voter goodwill now using money that will largely need repaying after the next GE.

So if Labour win, they'll be left with the ticking time-bomb of Tory debts, and a legally binding obligation for *consumers* to repay them.
Read 4 tweets
Feb 2
According to the Daily Mail, the Tories have indicated they plan to plunge us all into the dark on the pandemic in April by giving up publishing daily stats.

This on a day that saw more than 500 deaths announced.

Could they gaslight us any harder? Genuinely hard to think how. Image
The whole article is grim. Apparently Boris Johnson plans to bin every single protective measure on March 24, including the requirement to self-isolate if you test positive.

How can the several million extremely vulnerable people ever be safe after that?
dailymail.co.uk/news/article-1…
The excuse given is that it's becoming "like the flu" and we don't shut down the whole country over that.

A) Covid killed more people in 2 years than flu did in the last decade.

B) Flu is very seasonal. We've had a high covid death rate since August, with no sign of slackening.
Read 6 tweets
Feb 2
There's a paradox at the heart of Brexit.

Leaving the EU saves the UK government our membership fee.

It costs individuals and companies much much more than that saved fee. But they're bearing the cost in a distributed way. (Less trade, higher prices, less choice of work etc.)
So the UK government's balance sheet improves by the value of the EU membership fee that's no longer being paid.

But every single one of us and the organisations we work for are effectively being stealth-taxed by Brexit much more than the saving recorded by the UK government.
The UK government can semi-truthfully say "there's more money for us to spend after Brexit" (though the amounts it quotes are wholly fanciful, and don't account for its own extra costs because of Brexit).

And yet as a nation we're still MUCH poorer as a result.
Read 7 tweets

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