We've coordinated a letter to Liz Truss from 24 MPs demanding proper parliamentary scrutiny of the UK-Australia trade deal.
“No one wants to see our farming communities in Wales, Scotland, England & N. Ireland undermined for the sake of a politically expedient trade deal." 2/
The deal's tiny (DIT says it'll boost GDP by £500m over 15yrs, or as @PippaCrerar points out, 0.025%) compared to our main trading partner the EU, which accounts for 51.6% of all UK imports/53% exports.
Which is why it's astounding the govt will risk our farmers over it. 3/
The letter's cross-nation and cross-party support sees it signed by MPs from all political colours, including Conservatives @SirRogerGale & Dr Dan Poulter, Labour MP @hilarybennmp, DUP MP @PaulGirvanMP & the SNP's @drphilippa. 4/
It comes after our latest polling found over 6 in 10 people believe protecting British farmers should take priority over new trade deals with countries such as Australia. Support for farmers was found among a majority of voters of all political parties. 5/ bestforbritain.org/britishfarmers…
The problem's the 2010 Constitutional Reform & Governance Act, which means parliament only gets to scrutinise international treaties once they've been signed. Our system is "a considerable distance from the strongest parliamentary roles internationally," says @Brigid_Fowler. 6/
“This agreement risks setting a precedent ahead of talks with larger markets such as the US, so we must get it right. We need a detailed & objective analysis of how this deal will affect UK businesses, particularly hard-hit sectors such as farming," says @hilarybennmp 7/
“The PM just spent the weekend arguing w/ our closest allies about a treaty he pushed through Parliament w/ limited scrutiny. This highlights the risks of rushing through deals for short-term political gain while failing to understand the long-term consequences.” @hilarybennmp 8/
A major area of concern for the food & drinks industry is what diverging further from EU regulations to open up our market to Australia's could do to exports to the bloc. Current checks already cost up to £1k per lorry load b/c of extra paperwork. 9/
Witnesses at last week's @UKTradeBusiness warned that if the UK diverged from EU food standards further, for example in trade deals with countries such as Australia, even more burdensome checks could be required in the long-term. 10/
We've just heard this morning that there’ll be a cap on tariff-free imports for 15 yrs and other “safeguards” will be brought in to protect British farmers. These words are meaningless without a proper impact assessment to reassure British farmers. /ENDS
This week, @pmdfoster scooped the story that Brexit shrank UK exports of services by £110bn in 2016-19 (i.e. excluding the Covid impact). But the most disturbing part of this? 1/ ft.com/content/20a626…
...Is a quote from Aston University’s Professor Jun Du (@jundu1mecom), whose team is behind the research. Buried down in the FT story, she says…2/
…that financial services exports were hardest hit, as banks, insurers and asset managers moved thousands of people and billions in capital from London to Frankfurt, Paris, Amsterdam & Dublin. But Covid was, in a way, kind. How? 3/
Short thread with reflections on the committee session today.
1. This isn't about Cummings's rehabilitation. You don't have to like him and he clearly has an agenda. HOWEVER, there are things we know went wrong - we just didn't know why. On that, Cummings was devastating. 1/ ~AA
Those are the things on which the government will be badly damaged. For instance, we KNOW we were too late into the March lockdown. This is uncontroversial. The picture of behind-the-scenes chaos is damaging, because it rings completely true. It passes the sniff test. 2/ ~AA
We KNOW the gov't failed to protect care homes. The notion that they had done absolutely no work on the effect releasing untested older patients would have, is very easy to refute. They can just publish it. They won't, because I suspect, it doesn't exist. 3/ ~AA
"There is an absolutely ferocious row going on in Whitehall over the Australia deal with real pressure to get it resolved by the end of this week. Gove and Eustice are on one side, Truss and Frost on the other.” @pmdfoster👇 - we're going in. 🧵 1/ ft.com/content/8c5f7a…
The government estimates that a free trade agreement with Australia would be worth an additional 0.01-0.02 per cent of GDP over 15 years — or £200m-£500m more than 2018 levels.
So, a tiddler of a trade deal. But it's a must-have if the UK wants to join the CPTPP. 2/
Truss wants a 'zero tariff, zero quota' deal with Australia. A lot has been made of working with "our kinsmen down under" (most recently by pro-Brexit Daniel Hannan 👇).
But it gets thorny when we look at regulations. 3/
Bill Cash opens the EU Scrutiny Committee with a comment on the "very fragile consent" that has been given for the operation of the NI protocol, and @DavidGHFrost's msg to EU to "stop point scoring" and "build a relationship fit for the future". A powerful start - stay w/ us 1/
.@DavidGHFrost says he has 4 priorities: 1. Responsible for managing overall relationship & implementation of TCA 2. Responsible for implementing effective conduct w/ EU and member states 3. Third country trade issues & finding solutions there 4. The opportunities of Brexit 2/
Our relationship w/ EU will "be a bit bumpy for a long time," says @DavidGHFrost. One of his biggest responsibilities will be to identify things that we can do differently that'll "make the biggest difference to our economic success". He should engage with @UKTradeBusiness 3/