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Tom McTague @TomMcTague
, 3 tweets, 1 min read Read on Twitter
Back from 3 days in Brussels and another EU capital. One point worth emphasising: it’s hard to overstate how crap the backstop customs deal is for 🇬🇧, despite all this about it being hard for 🇪🇺 to live with. The 🇪🇺 would be perfectly okay with it I think. It’s Turkey, but worse.
As explained to me:
1. Trade deals EU *already* has with 3rd countries do not apply to UK
2. UK needs to renegotiate its *current deals* from weaker position without power to lower tariffs
3. New EU trade deals potentially open UK market to X country but *not* X market to UK
🤯
Trade boffins: is this wrong? That is certainly the EU’s view as of this morning. Some in Brussels cannot quite believe the UK is agreeing to this customs arrangement.
It’s pay more to get what you already have *at best* while giving up control over the vast bulk of trade policy
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