Where @faisalislam reveals (no surprise) that EU won’t allow UK to count Japanese or Turkish parts as British when exporting to EU - per @DavidGHFrost letter to industry - interesting optically because...1/ bbc.co.uk/news/business-…
On the substance this is no surprise - @MichelBarnier been clear all along that U.K. can’t be allowed to become a “manufacturing hub” off the coast of Europe - free of EU rules, but free to benefit. (#Brexit means Brexit, mon brave)/2
But the timing is interesting. It is one hand a confession of failure, but also an acceptance of it - “Brexit means Brexit, chaps, just like we always said”...
If you were pessimistic you’d see this as part of the ongoing “pivot to sovereignty” which underpins U.K. approach/3
If you were pessimistic you’d see this as part of the ongoing “pivot to sovereignty” which underpins U.K. approach/3
In short we’re leaving come what may, and the deal isn’t worth that much anyways. ENDS
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