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What he's getting at is that #Brexit is not, as is still widely supposed, a one-off event that companies adjust to. https://twitter.com/UKandEU/status/1638619337991790607I get you can argue over the quantum of #brexit impact -- Springford model says -5.5% GDP, Portes reckons that fees too high, says thinks -2.5%...Jessop said -1%, but transitory...but "nothing" surely doesn't pass the sniff-test (to quote Gudgen on Springford's Doppelgangers /2
https://twitter.com/UKandEU/status/1638619337991790607Gudgin concludes that Brexit has had no real impact on UK economy. And talk about Brexit masks real reason for productivity crunch. OBR, Bank of England, CER etc and BBC/FT that report these studies are distracting.
Was the problem "cr*p" civil servants who Davis says were too close to the EU and blinded by the fact that their EU interlocuters were "nice" to them...or was it witless and confused politicians, too lazy to do their homework (see Boris above) and too weak to face trade-offs?/2

As @jdportes says, this change will have “profound” impact on UK labour market. Some will win, others lose. @JohnSpringford sees combo of “higher wages and prices and less output” in sectors that can’t automate /2
https://twitter.com/Jacobbe79601492/status/1612731895292338178Both sides are talking about a "step by step" approach and expecations of a "big bang" deal, as @tconnellyRTE reported yesterday are reasonably low, certainly before the Jan 19 deadline for fresh elections in Northern Ireland /2
https://twitter.com/path_dependent/status/1600052438840459265
This is NOT about that weaselly argument that LUP dept has been using that money that was being disbursed from the final years of the last EU funding (21/22 and 22/23) round "counts" as "matching" EU money before it "ramps up" in 24/25 .../2



Some of you may recall @DavidGHFrost in early 2020 as negotiations for the TCA were starting saying he believed non-tariff barriers to trade were "exaggerated"...and seems to have done a barebones FTA on that basis. Two years on.../2

So UK trade minister @GregHands replies…noted he’s “twice” been in the role…to titters in the room. Instability of UK politics is recurring theme of fringe discussions here. /2