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Simon Usherwood @Usherwood
, 12 tweets, 2 min read Read on Twitter
So, a quick round-up of the main points to note from this morning's #A50 agreement:

It's only a rpt (from COM and HMG) to #EUCO, so still have to sign off on it next week, so not definitive yet

Even if we assume #EUCO does sign off, the detail isn't locked in until end of #A50 negotiations and ratification, so nothing is legally banked

However, this does mark out path that will be followed, if only by anchoring all future debate, so it does matter

On all three issues, UK has moved very much more than EU on substance

For finances, UK effectively member of budget arrangements to end of current financial cycle in 2020, while also winding down commitments in EIB etc

For citizens' rights, largely takes EU line on protection of rights, w transitional role for CJEU, but several gaps on FoM still to address

For IE border, commitment to protect open border by 'full alignment' to SM/CU in relevant areas, unless alternative arrangements

This last suggests UK will shadow SM/CU in large part unless and until new models can be found. Allows UK to say it has own regs, EU to say there is no divergence

However, big caveat is that most of text is about agreeing need to agree, not actual agreement. Cans have been kicked down road

This means Phase 1 issues will still be live topics in coming year, alongside a much more complex Phase 2

In short, it's progress, but not yet enough to ensure a final deal next year

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