A lot of noise about this #brexitdealdone as being a victory for one side or the other. It isn't THREAD
1/ Unless there is a sting in the tail it looks exactly like the Canada+ deal which was the only possible deal compatible with what most Brexit voters wanted:
Regulatory freedom
No EU Freedom of Movement
Control of fishing waters
2/ it is also a deal which is in the mutual interests of both parties, particularly the EU as a net exporter to the UK with high levels of unemployment, fragile economies & seething resentment of the political class in many countries
3/ despite this, the EU did everything up to the last minute to keep the UK as closely aligned as possible. @DavidGHFrost held firm, but for the EU it was a fair deal or a deal in their favor, in neither scenario was it a loss for them
4/ the big loss, the abject humiliation, is for the UK Establishment, BBC & other Remoaner MSM, who obstinately claimed such a Canada+ deal was impossible until it happened, to their wailing disapproval
5/ of course, these 5th columnists made it easier for the EU to apply pressure, at the margin. Luckily the Brits didn't blink
6/ again, absent surprises, although not a loss for the EU the deal is a big loss for the absolutist EUrocracy which turned me away from the EU semperfidem2004.wordpress.com/2019/01/13/why…
7/ it creates a competitor on the EU's doorstep that will thrive thanks to its freedom from the NWO red tape micro-managing which is the EUrocrat's raison d'etre
8/ the deal shows it is possible to check out of the EU hotel California. As a European, my sincere hope is that more European countries follow suit & eventually that Europe will be free from the EU
END
PS credit for the Hotel (Hôtel) California analogy to my Twitter pal @JeanMiSALMON
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The EU’s insane attempt to sue the UK for retroactive payment of VAT on derivatives transactions (see quoted THREAD) exemplifies the radical difference & incompatibility between EU & UK law. NEW THREAD
1/ The UK’s legal system (particularly English contract law) is one of its fundamental competitive advantages, which EU membership was designed to erode
2/ As a foreigner, I've long been aware at the back of my mind of how conducive UK law is for entrepreneurs or working in finance, based on my experience of both those activities in this country
1/ The UK is being pulled up because they didn't charge VAT on derivatives transactions without making the appropriate request to the commission. So it would have been ok had they made that request
General Election THREAD. I think this will be a replay of 2016 disguised as a replay of 2017 1/
Conservative campaign is timid, doesn't hammer the fact that Labour want to keep FoM & bring Shamima Begum back to UK 2/
This is their trump card in Northern, Midlands & Welsh marginals. But they won't play it, for fear of offending woke hedge fund managers & their pearl clutching yoga wives in Surrey 3/
Media is reporting an electoral pact between @brexitparty_uk. This is false & would be a huge mistake THREAD
@brexitparty_uk 1/ Brexit Party has most to gain from the Labour Party in the North. They will fail to do so if they are seen as Tory allies
@brexitparty_uk 2/ If they ally themselves with the Tories they won't run against Brexit supporting Tory MPs. That's around half of Tory MPs, give or take
THREAD 1/ Such warnings have repeatedly been issued but are hollow. 99% of what the City does is wholesale, which has no need for SM membership wp.me/p6sAEp-iN
2/ Only activities needing SM are RETAIL & that is mostly domestic. Exceptions: retail & private banking
3/ To continue EU retail lending, banks need subsidiary that can accept deposits; for SME & private banking product sales, sales staff need to move