Good article. And so the “who won” spin battle begins.
UK victories are cosmetic, however: “The EU appears to have secured a deal which allows it to retain nearly all of the advantages it derives from its trading relationship with the U.K.”
/thread bloomberg.com/news/articles/…
UK victories are cosmetic, however: “The EU appears to have secured a deal which allows it to retain nearly all of the advantages it derives from its trading relationship with the U.K.”
/thread bloomberg.com/news/articles/…
The quote continues: “...while giving it the ability to use regulatory structures to cherry pick among the sectors where the U.K. had previously enjoyed advantages in the trading relationship,”
This is exactly right. EU know the services is the trickier part & retain the levers
This is exactly right. EU know the services is the trickier part & retain the levers
So the UK have negotiated based on ECJ, fish and tariffs...
That suits the EU fine. With zero tariffs, that’s to EU advantage as they sell more goods to us.
With services, we sell much more to them- and that is where we have now utterly lost control of dynamics.
That suits the EU fine. With zero tariffs, that’s to EU advantage as they sell more goods to us.
With services, we sell much more to them- and that is where we have now utterly lost control of dynamics.
EU have got their sequencing, divorce bill, preferred NI solution, zero tariffs for their advantageous trade imbalance in goods, and control of the level playing field by dint of size & new flexibility.
In compensation they gave up fish.
But even on that Johnson has prob caved.
In compensation they gave up fish.
But even on that Johnson has prob caved.
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