If we take exports, and a very simplistic view. We're looking at ~64% of our exports go to countries we don't trade with on WTO rules and ~40% of exports go to countries we do.
1. Massive kudos to @Peston for the best coverage of the LPF problem to date by a British journalist, and although Robert concludes that it will be difficult to conclude a deal, I think I can see a way through.
So in my whole time writing threads, I have never come across a more important one for Remainers as we leave the European Union, or one that exposes the politics of this country.
It's called: The story of Peter, Owen, and Anand.
(Thread)
It is July 2016. At the completion of the referendum and after a vote to leave the EU, the think tanks go to work. Anand co-writes a document proposing leaving the Single Market, the ECJ, and having full control of our laws.
Later that year, Owen would sit down and write an article in support for the Labour position of keeping as much access to the Single Market as possible. (October 2016)
If it hadn't been for those "Hard Remainers", there wouldn't have been a meaningful vote. That means there wouldn't have been indicative votes. Theresa May's vote would have been her deal or No Deal.
But I've said we're not going to be blamed, so tonight I'm doing that Peter Mandelson article, and to be honest, having looked into this, I have more respect for him than I started with.
In fact, what Owen is doing is the opposite of what Peter was doing. Peter's article was about trying to move on.
For those keeping track, as of this week the rule was:
The EU are negotiating in bad faith because they aren't giving us the trade deal the WA guarantees.
Today:
The WA definitely doesn't guarantee a trade deal.
I don't mind making these notifications, but as Brexit goes on I think we might need a government institution to keep track of what was said, done, and written down as it changes from day to day.