(Shorter: unicorn hunters are goin to find themselves in a target-rich environment).
1/THREAD
....ambitious, broad, deep, flexible, wide-ranging, shared values, close bonds....
As my old Eng Lit prof used to say, "beware adjectives", sure sign of flabby thinking/2
Read those two competing lists of redlines and ambitions in that paragraph and we are back where we started. Where we have been. /4
There are trade offs to be made between sovereignty and access.
Which is why, behind the adjectival blizzard lies hard caveats... /5
"to the extent possible"
"with exceptions and limitations as appropriate"
"respecting the integrity of their respective markets and legal orders...."
Which brings us to the second most important word after "balance".... /6
Para 28 on checks and controls talks about a "spectrum of different outcomes"....which is why this document can be construed as a 'win' for Theresa May.
It defers choices, yes...but it also keeps options wide open. /7
So a natural pressure point where FR, ES and others get to press their stated ambition of retaining "status quo" access for their fleets.
So another ratchet.... /11
Again, as noted in several previous threads, the law of Brexit are immutable. The choices do not go away, even in a 'no deal' or a 'pivot to Norway.' /13
So this is Brexit:
A customs-union based trade deal, that costs 4-5% GDP over 10 years (0.5% a year) to deliver incremental cut in EU migration. /14
Time to choose. ENDS/15