1/Thread
1) All-UK for customs on NI backstop, but accept SM checks unique to NI, with some de-dramatised checks (for regs) on NI-GB border.
2) To move to park the NI customs backstop stand-off by agreeing a "Temporary Customs Arrangement" /3
All this, while leaving door open to a future fix on Irish border. /4
Let's take one at a time. First the EU side of things: /6
As I reported on Steph Riso's July 5 presentation, the C'ion has argued it could cost the SAME as a 'no deal' to the UK. /7
telegraph.co.uk/politics/2018/…
My own enquiries in Berlin, Paris, Brussels make me doubt this. /8
His note to clients this morning is, to put it mildly, not exactly encouraging /10
Is the EU just trying screw concessions from Brits (fitting the handcuffs, so to speak)...
OR are the UK about to repeat Salzburg error all over again? /11
Given the wider Liberalism - Nationalism political context, it feels a bad time. /12
As are DE/FR concerns that the politics of UK in a CU aren't sustainable. "Are you really prepared to put trade policy in EU hands?" /13
I understand UK accepts that GB-EU27 UK businesses get nothing on single market reg fixes. So friction. /14
But on that point, I note... /16
@bbclaurak @rafaelbehr @TomMcTague @tnewtondunn
iea.org.uk/themencode-pdf…
Enough to balance the ERG hardliners who won't stomach it? /18
So that'll be the choice: vassalage or carnage. /19
Buckle up. Bumps ahead I reckon.
20/ENDS