Boris Johnson is willing to risk a no-deal split over fishing rights. But the industry only accounts for 0.1% of the U.K. economy bloomberg.com/news/features/… via @bpolitics 1/
Great read by Chris Jasper, which captures the two sides of the fishing equation. Brexit means catching more fish, but risks access to lucrative EU export markets. Plus, large corporations own the catching rights.. 2/
And plenty of cracking quotes from fishermen. Warnings of the French kicking off, too much value being spirited away to the continent, plus views of a veteran from the Cod Wars with Iceland. Quite the attribution 3/
And for a reminder of the context of the Brexit fishing negotiations, there's this ends/ bloomberg.com/news/articles/…
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The basics: goods moving GB to NI will need new paperwork. This is because the UK agreed to uphold the integrity of the EU customs territory, and didn't want a border on the island of Ireland. This is the govt's own guidance on the NI protocol 2/ gov.uk/government/pub…
And the government has kindly thrown money at the issue, in a bid to help companies. It'd be strange to spend money on processes that don't exist 3/ bloomberg.com/news/articles/…
Liz Truss says signing the Japan deal `proves the naysayers wrong'. The government's initial impact assessment said it will boost U.K. GDP by 0.07% compared to 2018 levels over the next 15 years 1/ bloomberg.com/news/articles/… via @bpolitics
We're waiting to see the full text of the agreement. The government says it goes further than the EU-Japan deal - which the U.K. benefited from as an EU member - in areas such as `digital and data', and more geographical indicator protections for food 2/
We're also awaiting a new impact assessment of the deal. DIT is frustrated by the rather meagre predicted gains of these trade deals, which are outweighed by the harms of leaving the EU's single market and customs union, on the government's own analysis 3/
Scoop: Tesla and Heinz are among the household names facing a Brexit crisis at year-end due to a shortage of customs agents in the U.K. 1/ bloomberg.com/news/articles/…
Both companies have struggled to find contractors who can process their post-Brexit paperwork, with the economy facing hundreds of millions of extra customs declarations annually 2/ bloomberg.com/news/articles/…
Without a solution, they won't be able to legally move goods between Britain and the EU from 2021, even if there's a free-trade deal. Here's Heinz's statement 3/
New: Michael Gove tells business leaders that Brexit is like buying a house, with upfront costs but long-term opportunities. The call left industry feeling underwhelmed.. 1/ bloomberg.com/news/articles/…
In a call lasting only about 20 minutes, Gove and Johnson repeated the message to business about needing to prepare for Brexit, trade deal or not. In either scenario, many of the preparations are the same 2/
They took 3 questions on the call - from @cbicarolyn, @MikeCherryFSB and @RHARichardB. Other participants were a bit miffed at the limited engagement 3/
Though it was previously called `Smart Freight', it's essentially an honesty system. Drivers just self-declare that they have the right paperwork to enter the EU, and they get a permit to enter Kent 3/
The U.K. has turned down the EU's latest effort to re-start the Brexit trade talks, saying it still needs to see a `fundamental change of approach'.. 1/ bloomberg.com/news/articles/… w/ @IanWishart
Earlier, Michel Barnier said he's ready to work intensely and on the basis of legal texts, which appeared to be the U.K.'s primary complaint 2/
But that's not been enough. So... what does the U.K. want to see now? Presumably an explicit EU move on an issue of substance, such as fisheries or the level playing field. The talks/not-quite-talks continue... ends/