Interesting article by @Peston - but here’s why I don’t think ‘State aid’ will end the UK-EU trade talks.
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• A thread •
https://twitter.com/Peston/status/1318119119254900737
There are multiple reasons why it’s a win-win for both parties to find agreement on State aid which include:
> State aid rules align with the UK (and in particular Tory) mindset that subsidies should be a last resort;
> Frost has agreed sensible general principles on subsidies;
> State aid rules align with the UK (and in particular Tory) mindset that subsidies should be a last resort;
> Frost has agreed sensible general principles on subsidies;
> the EU State aid rules don’t really constrain the UK, after all Germany spends 4 times as much under the same rules...
> Tech start ups can be funded under the EU rules. That the UK hasn’t is about budget not rules.
> Tech start ups can be funded under the EU rules. That the UK hasn’t is about budget not rules.
> both sides have legitimate reasons to want safeguards around subsidies.
> for example the Canada -EU agreement has a whole chapter on subsidy control.
> the UK said better rules on industrial subsidies is a #WTO priority.
gov.uk/government/new…
> for example the Canada -EU agreement has a whole chapter on subsidy control.
> the UK said better rules on industrial subsidies is a #WTO priority.
gov.uk/government/new…
The UK wants to be a champion of rules based trade around the World.
To achieve this @BorisJohnson should lead by example and unveil ‘World Class’ subsidy control rules.
Here’s an article @Jon_Branton and I wrote on this subject.
uksala.org/the-future-of-…
To achieve this @BorisJohnson should lead by example and unveil ‘World Class’ subsidy control rules.
Here’s an article @Jon_Branton and I wrote on this subject.
uksala.org/the-future-of-…
As always, happy to discuss with the PM or any Ministers if that helps.
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