THREAD: Here are the essential points from the EU's time-limited, limited effect no-deal Brexit mitigation offer.

(Most concessions are unilateral measures it will implement. Some require UK cooperation - not clear what happens if we refuse to do

Here we go. The final Brexit debate begins. The final splash of petrol on the dumpster fire before the match is lit at 11pm tomorrow night.

Boris Johnson deliberately mocks the SNP by calling them the Scottish Nationalist Party, despite being admonished by the Speaker. There speaks a man who doesn't give an itty bitty toss.

Boris Johnson: "Just as we've avoided trade barriers"

What? Ah, it's because he carefully defined them as "tariffs and quotas" just before lying about them.

There will be massive, massive non-tariff barries.

He's dodging the question about fishing and Northern Ireland, wriggling like one of those eels the EU won't be buying any more.

Boris Johnson is bigging up the speed with which the UK managed to reach a trade deal.

But a trade deal that favours the interests of your counterpart while securing almost none of your own *should* be a quick process. Biting your hand off takes no time at all!

UK Government just released 70 pages of case studies today, showing how the borders will operate after 1 January 2021.

They're essentially hardcore porn for red tape fetishists.

Doomed, we are. Doomed.

(e.g. exporting fish; exporting mechanical goods)
https://t.co/zWpkdGJeim

This is exactly what should have been presented years ago so that firms could prepare.

Or, arguably, before the Brexit referendum. Just the 70 pages of case studies released TODAY could have tipped the result the other way. Not everyone is blinded by sovrinty & hating forrins.

Going back to the examples...

The person in France buying (say) UK mechanical goods will take one look at the procedures involved, and Google an alternative supplier inside the EU instead.

As for the fish, they could probably swim to their intended destination faster of their own accord than following the new process, if only they had water in between to traverse.

The purchasers will smell them coming a mile away.

Auto parts. I am practically weeping at my keyboard.

A few thoughts in advance of seeing the Brexit deal, assuming it's not scuppered at the last.

1. It will save industries, in the short term. For all the problems it *won't* solve, there is at least that. Tariffs would have finished off some sectors like switching off a light.

2. Expect a lot of confusion (through ignorance, and deliberate obfuscation by certain segments of the media) between free trade and frictionless trade. Trade that is free can still come with plenty of friction. Those extra £billions in customs paperwork won't go away.

3. There may be a standstill or implementation period. If there is, that will be helpful because it will let us get further down the road of vaccinating against the coronavirus, and resolving one crisis before plunging into the rest.

4. Any standstill will trigger a huge wave of "you told us scary things would happen, but they didn't." If you're counting along, it will be the 3rd such wave. First was during the negotiations while we were still EU members. Second during transition when EU rules still applied.

5. Those are just words. But the damage to the economy is real. So a standstill remains preferable, though teeth may have to remain gritted a while longer as a result.

6. Expect a few positive surprises. (Not compared to EU membership, but to what would otherwise have been.)

Ok, it's high time to look at the REAL effects of Brexit. As the Tories implode & Labour sits on its hands, companies are executing contingency plans, shifting jobs & assets, slashing investments, or redomiciling (accounting exercise). Happening NOW, not in a fantasy future. 1/95

Barden Corporation is closing down its Plymouth factory after 51 years, putting 400 jobs at risk, as its parent company Schaeffler shifts production to various sites outside the UK due to Brexit.

8 health providers have warned of medicine shortages in the event of a no-deal Brexit: "we do not believe that the current medicine supply plans will suffice, and we will have widespread shortages if we do not respond urgently."

Pfizer - $100 million on Brexit prep: "Pfizer’s preparations are well advanced to make the changes necessary to meet EU legal requirements after the U.K. is no longer a member state, especially in the regulatory, manufacturing and supply chain areas."

The Government has spent £4.2 billion pounds on Brexit preparations (£2.2 billion in previous Budgets, plus an additional £2 billion in the most recent Budget.)

Here's how the UK's situation will change after the transition period ends, compared to our former EU membership...

(Come back to this thread. It will keep growing!)

- UK can negotiate its own trade deals
- No more automatic participation in new trade deals reached by the EU

- UK gets to keep fish equivalent to 25% of the catch EU boats previously caught in UK waters, staggered over 5.5 years
- Costly export health certificates for fishery products
- Inbound and outbound customs and regulatory checks (UK side will defer some of these temporarily)

- Stringent rules of origin and local content requirements
- Loss of freedom of movement for UK citizens in the EU and EU citizens in the UK (Ireland excepted)
- No Erasmus programme
- No equivalence decision for financial services

- A border down the Irish sea between NI & GB
- No access to the Galileo military
- Temporary agreement on data, which expires in 6 months
- 2 parallel trademark systems, requiring firms to file twice in the UK and the EU

- 2 parallel product conformity assessment systems (CE and UKCA), requiring firms to file twice in the UK and the EU. One year grace period (with exceptions).
- 2 parallel chemical regulatory systems (REACH and UK REACH), requiring firms to register twice in the UK and the EU

Many Brits live under the false impression that the UK has a Special Relationship with the US. In reality, it's far more transactional, especially for the Americans. This delusion is especially dangerous as post-Brexit UK seeks a new place in the world

While the two do have a very close relationship on security and defence built on post-war efforts, it would be foolhardy to expect any US president to place much emphasis on the UK's economic interests over any other third country

The problem Boris Johnson has is that a close relationship with the White House is more important than any time since the war, given the UK's new status outside the EU. What a headache, then, that the US is having an election with 2 v different candidates

On one hand: Trump likes Brexit, dislikes the EU and might see benefit in disrupting the EU by teaming up with the UK in a way that helps the UK economically. However, Trump is wildly unpopular in the UK and Boris does not want to be seen as his best mate

On the other: Brits are generally more pro-Democrat & more pro-America when a Dem is in the White House. However, Biden clearly does not support the UK's Brexit position, especially when it comes to Northern Ireland.

@SpecCoffeeHouse @NicholasTyrone I think you have missed the essential point that we have now passed peak Brexit. From now on only the disastrous reality will come at us from all sides. 57% already were Remainers on the day we joined. Soon a huge majority will hate Brexit. I expect poll tax riots response level

@NicholasTyrone Already the biggest vote winner, fish , has turned out to be a disaster. We’ve ended up with a FTA smaller than the UK itself. Gibraltar joined Schengen, Falklands shafted. UK regions never wanted It. #BrexitReality . #Brexitbenefits , there are none. #Brexitears from now on

@NicholasTyrone Remember too, this was a Tory internal civil war foisted on an uninterested country that they only won because of the #Austeridiocy policy falsely foisted after the financial crash. It was a protest vote. There are no benefits to Brexit. It’s a #ToryBrexitShambles .

@NicholasTyrone There will only be one direction of travel now, back towards the EU. We are currently effectively a vassal state and #Whatsovereignty ? We have only lost it. We have also become a sprat in a puddle not the leading big fish in the big bloc, the EU. This was always a fishy affair

@NicholasTyrone Oh yes. We’re also one of the biggest jokes on the planet, and will take centre stage as the worlds biggest Buffoon departs.... #Brexitisntworking #brexitleavesbritainnaked

New: the European Parliament's announcement that it will not ratify any treaty before the end of December unless the deal is concluded by midnight on Sunday comes amid signals that, despite progress, a deal won't be concluded until early next week.

2/ This is because there are still some formidable hurdles in the way of closure on the level playing field issue, and they haven't even got into fisheries in a big way yet. And both sides say things there are "extremely difficult".

3/ Yesterday there were some signals that a deal could be done by the weekend, but the mood seems to have dipped somewhat.

4/ The EP is saying it wants a "provisional" text from the European Commission "as soon as possible" - not clear if that means even before the midnight deadline

5/ If a deal is not concluded by Sunday night then we are in uncharted waters