Thread by @FFSake_

THREAD:

8 Reasons why the 'Malthouse Compromise won't work:

Last night, some Conservative MPs made several people very excited by the idea of a new compromise, to break the Brexit impasse.

(1/11)

It's got two parts:
Plan A) Negotiate a new backstop & extend transition period.
Plan B) If rejected, enter transition period anyway (?), & paying divorce bill (£50 billion), while offering no tariffs at end of transition.

(2/11)

Problem 1 with Plan A:

The EU - rightly - are not going to agree a With Agreement, without a backstop, - the thing stopping a hard border in Ireland, with no deadline.

This is just a re-heating of Max Fac - something that was rejected for this reason by EU last year.
(3/11)

Problem 2 with Plan A:

We'd still pay our £50 billion Divorce Bill, without any assurance or guarantees about the future trading relationship.
(4/11)

Problem 3 with Plan A:

The Malthouse Compromise doesn't eliminate the risk of No Deal - it just pushes back the date further, with no certainty for businesses or anyone else.

(5/11)

Moving onto to 'Plan B'
Problem 1:

It's not a plan - we're just asking the EU for a transition period, without a Withdrawal Agreement. Again, something that's already been rejected.

(6/11)

Problem 2 with Plan B:

It's another form of 'blindfold Brexit', where we hand over our negotiating cards, with no certainty over the future.

(7/11)

Problem 3 with Plan B:

It would jeopardise peace in Northern Ireland.

No Deal = Physical infrastructure & checks on persons and goods between NI and R of I - clear breach of the Good Friday Agreement.

(8/11)

Problem 4 with Plan B (we're nearly there):

It would serve as a basis for the Brexiters’ hard-line economic fantasies, potentially decimating UK manufacturing and agriculture.

Under WTO rules, we'd unilaterally drop all tariffs from all countries.

(9/11)

Problem 5 with Plan B:
It would throw Brits living in other EU countries under the bus.

The proposals put forward only include a guarantee on EU Citizens rights, leaving UK citizens out on their own.

(10/11)

*Clears throat*

In Summary

These proposals aren't new - they've already been rejected.
The only endgame is a No Deal Brexit
This isn't about what's best for the country, it's about what's best for the Conservative Party.

There is another way forward - a #PeoplesVote
(11/11)