If you’re a neoliberal the benefits of leaving single market in financial services, losing passport rights etc, outweigh downsides. London banks have already relocated staff to EU to handle s/market trade. And the direction of EU is towards more democratic regulation of finance.
If you're looking at this as a big financial investor, I think you'll have a very different view of the deal compared to, say, a Japanese car maker. How can the UK guarantee it will continue to have tariff free access to EU single market in goods? UK can't really offer this.
Problem with presenting 'dynamic alignment' as an issue of sovereignty, when in fact it was about regulatory certainty and investor confidence. Can't really see this working. So what looks like good deal for manufacturing is in fact a bad one.
The stuff on digital in the deal is completely threadbare. So appears at first sight at least to confirm what @meadwaj argues here: newstatesman.com/politics/brexi…
It's just full of contradictions though. Because in relation to goods this is not a deregulatory deal. And in fact you might even be able to argue the level playing field make the neoliberal Brexiter pet project of 'free ports' and 'special economic zones' pretty difficult.
The EU could respond with retaliatory tariffs if goods from these zones breach the level playing field provisionals. So who's going to invest in them given that level of risk? Just can't see it working. So 'free ports' / 'special economic zones' might end up being 'in name only'.

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More from @lukecooper100

28 Dec
The Scottish LP seem to think it’s sensible to hammer the SNP for voting against a deal they don’t agree with. And their voters oppose.

The grounds? The “threat” of no deal. It suits some ppl to present the vote in Parliament as a deal versus no deal choice but it’s not true /1
With the U.K. and EU agreeing a deal, the only way to get to a “no deal” would be to replace the U.K. govt with one committed to it.

Why? Parliament has extremely limited power in relation to trade deals and international treaties more broadly /2
Tomorrow the govt will publish their proposed legislation on the deal. There are various options (see below), but it will prob be a short enabling act that provides ministers with more powers to take executive action to implement the deal - not a yes/no vote on the deal as such/3
Read 12 tweets
4 Oct
THREAD: How did Boris Johnson win the general election? Prob not the Q on everyone’s lips right now but hey. In true academic style, ie ten months later, I’ve published a piece with @ChristabelCoops in @po_qu

onlinelibrary.wiley.com/doi/10.1111/14…
We argue that key to Johnson’s successful manoeuvre was prorogation and the no deal fantasy. It was a performative gesture that crucially didn’t require taking the country close to a no deal scenario.

onlinelibrary.wiley.com/doi/10.1111/14…
Johnson identified three target groups: (a) Brexit hardliners, (b) Brexit compromisers, (c) Remain compromisers. The much more adversarial approach Johnson took helped him win support from the hardliners that opposed May’s deal.
Read 11 tweets
28 Sep
Happy to be corrected but I can’t see how negative interest rates will do anything other than compound the problem of chronic asset price inflation, especially in the housing market. House prices now on the up again but share of homes purchased by first time buyers falling.
Any thoughts from @AnnPettifor @meadwaj @garyseconomics appreciated!
Read 4 tweets
27 Sep
Sorry but saying “the Holocaust was legal” is just such a dumb, ignorant and offensive way to make the case for civil disobedience.
When the Allies declared their intention in 1943 to criminally prosecute Nazi atrocities they were operating under an existing principle of international law to punish as war criminals those who violate the laws or customs of war heinonline.org/HOL/Page?colle…
Even in relation to German domestic law the view that the Holocaust was legal but immoral has been strongly challenged. And raises quite an interesting argument about whether the extermination of a group can ever be 'legal' utpjournals.press/doi/abs/10.313…
Read 4 tweets
16 Sep
Rather than arguing about whether Labour advocated a soft Brexit (hard to see how it did given its rejection of FoM till Sept 2019), it's more useful to think about what arrangement we'd like in the future. Although I would have once said join EEA, don't think that would work now
The Tory aim of getting out of EU state aid rules is the right policy pursued for the wrong reasons. As the global economy changes, as deglobalisation takes hold, markets are more dependent on the state. State aid is crucial in this context but can easily become corporate welfare
Against the Tory crony capitalist model, a socialist or social democratic model of state aid should make it provisional on pursuing public goods - such as full employment, ecological sustainability, and industrial development.
Read 8 tweets
14 Sep
I haven't read the book Beckett refers to, but I think his well intentioned piece gets a few things wrong about the 'Red Wall'. Primarily it makes the mistake of confusing a small but electorally significant group of swing voters with an entire area

theguardian.com/commentisfree/…
It's a common mistake but it's one that we should be aware of in the 'culture war' era. We shouldn't 'essentialize' the ex red wall communiites by confusing a group of electorally significant voters with what remains a complex and variegated whole.
At the most basic level, huge numbers of voters in the Red Wall backed Jeremy Corbyn's Labour in an election where he was presented as a terrorist supporting metropolitan liberal extremist. This means about 80 odd Tory seats needs swings of around 8 per cent to go Labour
Read 10 tweets

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