Key points from Frost/Gove session with the Lords, as the UK threatens to walk from Brexit talks next week... 1/ bloomberg.com/news/articles/…
Frost talked tough on the Oct 15 deadline, but hinted talks could go on beyond then even if there's no free-trade deal to be signed. `Our door would never be closed. There are a lot of practical matters that we would need to cover' 2/
Frost said they're `some way from a deal' (🚨) on state aid, one of the key sticking points in the talks. It all comes down to how much constraint the UK is willing to tolerate on its subsidy policies - Johnson will have to make a call here 3/
Gove confirmed again the plans for the Smart Freight System and need for a permit to enter Kent post-Brexit. Reminder of all that here 4/ bloomberg.com/news/articles/…
Alarm bells continue to ring on business readiness. Gove says 1/3 of firms think transition will be extended, and he worries that companies will think a free-trade deal = no need to prepare for any changes 5/
Financial services equivalence - still no sign of an EU decision. Frost says `it's a pity', should've been sorted by June. All the while the banks keep making their moves 6/ bloomberg.com/news/articles/…
Data adequacy - Frost says there's been `slow progress', not going as fast as they'd like. Another big cloud over the U.K.'s services industry 7/ bloomberg.com/news/articles/…
And we're going to do it all again at 4:30pm when Frost/Gove appear before the Commons. For what it's worth, very high quality questioning from the Lords - well-informed, specific, followed up when answers weren't given ends/

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Joe Mayes

Joe Mayes Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @Joe_Mayes

22 Sep
Scoop: Michael Gove has written to the U.K. border industry warning of 7,000-truck-long queues in a reasonable worst-case Brexit scenario 1/ bloomberg.com/news/articles/…
The letter has further stark warnings:
- Flow of freight down 60%-80% between Dover-Calais
- Up to 70% of trucks not ready for EU border checks

Worrying stuff for the end of the transition period 2/
Hat-tip to @lisaocarroll, who saw the civil service report that contained these warnings last week, and which Gove is now publicly endorsing 3/ theguardian.com/politics/2020/…
Read 6 tweets
22 Sep
Interesting Brexit narrative now coming from government about potential chaos when transition period ends.

Warning that disruptions will be due to `failure of EU to plan' 1/
Quote from DEFRA secretary George Eustice: ``We can do all the work in the world to make sure our borders are ready ... But if when they arrive at the other side it's all a bit slipshod and disorganised and there's therefore chaos because of failure of the EU to plan...' 2/
``That's something that's beyond our control. That would be our biggest concern''

So the gov setting its stall out early -- any Brexit problems at the border will be blamed on the EU 3/
Read 19 tweets
18 Sep
🚨Play our Brexit game! 🚛

Will you end up in the lorry park? Or can you keep trade flowing?

Money is on the line... 1/

bloomberg.com/graphics/2020-…
Here’s the scenario. You run a car-parts manufacturing business in north England, exporting to the EU. Your biggest customer is in Germany 🇩🇪 🚗🚙🚗

They’re worried Brexit will disrupt your deliveries, but you say it’s going to be fine.

It’s time to keep your promise... 2/
It comes to late October. You get some very good news - the U.K. and EU have signed a free-trade deal!

Sigh of relief. Now you’ve got to make some decisions as the clock ticks down to the end of the transition period... ⏰ 3/
Read 5 tweets
17 Sep
Exclusive: government says it expects to be fixing bugs in key Brexit border IT system for weeks after it goes live 1/ bloomberg.com/news/articles/…
In official documents seen by Bloomberg, the IT system to check whether trucks have the right paperwork to enter the EU will still be getting `essential updates' through to March. Bugs will be getting `resolved' into January 2/
The government stresses that the service will be fully operational on Jan 1 - but the country's biggest logistics group has said it's a `crushing disappointment' it won't be fully tested and stable until April 3/ bloomberg.com/news/articles/…
Read 7 tweets
16 Sep
Breaking: the key IT system to avoid border chaos will still be in testing mode on Brexit day 1/ bloomberg.com/news/articles/…
Trade group Logistics UK says government officials told them the Smart Freight System won’t be fully tested and stable until April 2021 - too late for end of Brexit transition 2/
The government plan is to start beta-testing it in December, when it says it will be ‘fully operational’. Here’s what gov.uk says Beta means 3/
Read 9 tweets
14 Sep
Fact check: the UK signed up to a customs border in the Irish Sea in the divorce treaty, so talk now of threats to `integrity' of UK is a little odd 1/
Evidence for the customs border: GB firms will need to file new paperwork when sending goods to NI, and trucks will need approval from a yet-to-be-built government IT system to cross the Irish Sea. This all happens even under an FTA 2/ bloomberg.com/news/articles/…
The government is spending 355 million pounds to help companies comply with this new red tape. It's all real and it all happens even if Johnson gets a free-trade deal with the EU 3/
bloomberg.com/news/articles/…
Read 8 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!