BC BREXIT
Saved by @CodyyyGardner

Scoop...Britain faces dearer electricity and occasional black-outs if it bans EU fishing boats from its waters after 2026. This de facto power over the UK power market is handed to the EU in the post-Brexit deal which MP’s will wave almost unread through parliament today. 1/10

 The trade deal enshrines a link between continued EU access to British waters and UK frictionless access to the EU power grid and gas network. This has scarcely been noticed though it was mentioned and brushed aside by last night’s statement by the ultra-Brexiteer ERG. 2/10
The link – drawn to my attention by a senior EU source – is spelled out in dates, not words. The fisheries part of the deal grants EU boats continued access with a 25% cut in quotas over five and a half years until 30 June 2026. After that there are “annual negotiations” 3/10
The energy part of the agreement allows the UK virtually unchanged access to the continental electricity and gas markets. But that expires on exactly the same date as the fish deal - 30 June, 2026. After that (guess what?) there are “annual negotiations". 4/10
Coincidence? Not at all, my source says. The link is “more than implicit”. The energy deal “ends by default” unless both sides agree to extend it.
If the UK bans, or severely restricts, EU boats in British waters from June 30, 2026….easy access to EU energy will also end. 5/10
Does this matter? Yes it does. Britain is a net importer of electricity from the EU through cables to Fr, NL and B. About 7% of total UK demand comes through those connectors. European prices are generally below UK prices. We also import European gas.
6/10
Bloomberg reported in Nov.: “Without a (UK-EU energy)deal, costs for British consumers could go up by £2bn.” The UK could “ lose 7% of its electricity supply and would struggle to find an easy replacement. It could even lead to rolling blackouts at times of peak demand.”
7/10
It was widely reported in recent weeks– initially I think by @tconnellyRTE – that the EU was using its energy market as leverage for a better deal on fishing. As far as I can tell no one has yet pointed out that this leverage is now enshrined in the deal signed by Johnson. 8/10
Thus…The deal includes other penalties - tariffs on British fish exports and even tariffs on other goods – if UK tries to cut EU fisheries access from June 2026.
But the de facto power to switch off lights and increase electricity bills is, er, much, much more powerful. 9/10
June 2026 will be exactly a decade after the Brexit referendum...
The ERG has noticed this fish-electricity link but played it down in its statement last night.
The UK is “taking back control”. Nothing can be permitted to disturb that narrative.
10/10

More from Brexit

Phil Syrpis
Phil Syrpis
@syrpis
There are a lot of Brexiters in the media this week making points about sovereignty, and about how the EU has not come to terms with the UK's independence.

I have some questions, which it might well be fruitful to ask them. 1/9

1. How do you understand the concept of sovereignty? What are the circumstances in which you might agree to make binding commitments to other independent states or trading blocs? 2/

2. What sort of commitments are you prepared to make in order to get trade deals with other states/blocs? And, to what end (why not trade on Australian-style terms with the wider world)? 3/

3. Do you accept that the EU has the right to impose its own rules as a condition for access to its market? Given the UK's involvement in the single market, and in the creation of its regulatory infrastructure, this feature should not come as a surprise. 4/

4. Do you accept that there is a need for borders (which were not needed while the UK was part of the single market) between states/blocs with different regulatory regimes? 5/
BREXIT
Pernille Rudlin/Rudlin Consulting
Pernille Rudlin/Rudlin...
@pernilleru
Japanese companies in the UK who have moved their product distribution hub to the EU in anticipation of what is now happening. One in a long thread, just to make a point that *some* companies have been preparing for worst case Brexit for years 1/13

Allegro MicroSystems Europe, semiconductors and ICs, owned by Sanken Denki, now importing into EU via Netherlands rather than UK. Amano Enzyme Europe transferred EU stock to warehouse in EU 2/13

Anritsu EMEA (sales and service of testing and measuring solutions to communications industry) all EU deliveries now go to second transport hub in Netherlands. Audio Technica established European Distribution Centre in Netherlands for Brexit (bit of a 🇳🇱theme here) 3/13

Eisai Europe (manufactures pharmaceuticals in Hatfield) transferred centralised marketing authorizations to Frankfurt, established testing and storage facilities in Antwerp. Electric Glass Fiber holding stock in EU for Brexit 4/13

Enplas Europe (semiconductors) acquired warehousing in NL for Brexit. Fujichem Sonneborn opened warehouse in Spain for Brexit. Furukawa Electric Europe shifted warehouse and distribution to Germany. 5/13
BREXIT
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George Riddell
George Riddell
@GeorgeMRiddell
Been a lot of discussion recently around services trade in the deal between the UK and EU. Having read through the agreement over the past couple of days, my impressions👇

First off, services is definitely included. Question for service providers, is will it be enough?

1/N

My overall impression is that the EU has offered among the best in class for its FTAs similar to Canada and Japan.

But this access is a far cry from access to the Single Market and how is constructed as part of a trade agreement for the EU reflects that.

2/n


Unlike for goods trade, once you've got a product through all the customs and regulatory procedures into the EU, it can be sold anywhere in the EU, or its "entered circulation".

For services trade, that isn't the case. Its still done on a member state by member state level.

3/n

This is even true in the trade agreement itself where although the provisions set out in the Services and Investment chapter sounds awfully good - lots of principles about the freedom to establish and allowing the cross-border trade in services.

It's only when...

4/n

You get to the annexes and you realise both the EU and individual member states have put entry conditions across huge areas of different services sectors both now (existing measures) & in the future. Don't worry too much about the future reservations, it's the existing ones.

5/n
BREXIT
Peter Foster
Peter Foster
@pmdfoster
The UK refusing to give full diplomatic status the EU's mission in London is baffling at at time when @BorisJohnson is trying to connect with @JoeBiden - because it recalls what Trump administration did to the EU ambassador back in 2019. Stay with

@JoeBiden The spat has been going for a while - we reported it in May, when the #Brexit trade talks were getting testy and - I assumed - it was the UK seeking a bit of leverage as the talks progressed. But we have a deal...and still no deal on the EU

@JoeBiden Essentially the UK government wants to treat the @EUdelegationUK as a "international organisation based in London" - and not accord it full diplomatic status, as almost every other country in the world does, including the United States /3

@JoeBiden @EUdelegationUK Indeed when EU formed it's External Action Service (EEAS) the UK supported the idea that EU representatives should be full ambassadors - a fact reflected in the Treaty of Lisbon which we signed - and which reflected on fact EU had a currency, made laws etc. /4

@JoeBiden @EUdelegationUK It took some time for everyone to recognise this, but after @BarackObama came to power in 2016 even the USA did the same....then along came Donald Trump and in 2019 surreptitiously downgraded the status of the EU ambassador @D0Sullivan /4
BREXIT
Peter Foster
Peter Foster
@pmdfoster
It's OUT! The first #Brexit Briefing of 2021...which explores how unrealistic some industry expectations are about 'fixes' to the current deal, now the penny is dropping about what it means for supply chains and UK position vis-a-vis EU

So take the example this week, where the @Foodanddrinkfed raised the issue that UK-hubs for food and drink were "unworkable" since goods that came in from the EU were attracting full tariffs when the were spun back into Ireland or other EU members /2



They were backed by other EU associations - and both said they would lobby UK govt and @EU_Commission to 'fix' what they presumed was an "unintended consequence" of the deal....except that both EU officials and UK govt have basically shrugged. The deal is the deal. /3

@EU_Commission This is in no way confined to food industry - clothes and retailers are also hard-hit.

But lots of industry has wrongly bet that 'common sense' and 'self interest' would prevail once the nasty negotiations phase was out the way...but that's not the signal being sent. /4

As one EU official puts it: “You can’t expect the UK to remain the food import hub for the EU. It’s not sustainable, and makes no sense in the mid-to-longer run." And that applies to financial services, clothing, retail goods....a bureaucratic curtain has descended. /4
BREXIT

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Jacques Favreau
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@betaorbust
For the record: that's not a "strong work ethic."
That's exploiting young unattached engineers and spinning it as "team culture."

Toxic 💀💀


That's not something to aspire to. That's not good management. If you're working sustained 70+ hrweeks, somebody is taking advantage of you.

We have fetishized the overworked engineer. It's toxic but so pervasive that Mr. Ng (and others) feel it's ok to advertise as a positive.

Having this as "culture" breeds a monoculture of unattached, young engineers. Not good for them & not good for your company long term.

It's not good for them because their first job burns them out and physically wears them down. This happened to me and many of my coworkers.
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Vibhu Vashisth
Vibhu Vashisth
@VIBHU_Tweet
🌺श्री गरुड़ पुराण - संक्षिप्त वर्णन🌺

हिन्दु धर्म के 18 पुराणों में से एक गरुड़ पुराण का हिन्दु धर्म में बड़ा महत्व है। गरुड़ पुराण में मृत्यु के बाद सद्गती की व्याख्या मिलती है। इस पुराण के अधिष्ठातृ देव भगवान विष्णु हैं, इसलिए ये वैष्णव पुराण है।


गरुड़ पुराण के अनुसार हमारे कर्मों का फल हमें हमारे जीवन-काल में तो मिलता ही है परंतु मृत्यु के बाद भी अच्छे बुरे कार्यों का उनके अनुसार फल मिलता है। इस कारण इस पुराण में निहित ज्ञान को प्राप्त करने के लिए घर के किसी सदस्य की मृत्यु के बाद का समय निर्धारित किया गया है...

..ताकि उस समय हम जीवन-मरण से जुड़े सभी सत्य जान सकें और मृत्यु के कारण बिछडने वाले सदस्य का दुख कम हो सके।
गरुड़ पुराण में विष्णु की भक्ति व अवतारों का विस्तार से उसी प्रकार वर्णन मिलता है जिस प्रकार भगवत पुराण में।आरम्भ में मनु से सृष्टि की उत्पत्ति,ध्रुव चरित्र की कथा मिलती है।


तदुपरांत सुर्य व चंद्र ग्रहों के मंत्र, शिव-पार्वती मंत्र,इन्द्र सम्बंधित मंत्र,सरस्वती मंत्र और नौ शक्तियों के बारे में विस्तार से बताया गया है।
इस पुराण में उन्नीस हज़ार श्लोक बताए जाते हैं और इसे दो भागों में कहा जाता है।
प्रथम भाग में विष्णुभक्ति और पूजा विधियों का उल्लेख है।

मृत्यु के उपरांत गरुड़ पुराण के श्रवण का प्रावधान है ।
पुराण के द्वितीय भाग में 'प्रेतकल्प' का विस्तार से वर्णन और नरकों में जीव के पड़ने का वृत्तांत मिलता है। मरने के बाद मनुष्य की क्या गति होती है, उसका किस प्रकार की योनियों में जन्म होता है, प्रेत योनि से मुक्ति के उपाय...
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STEALTH JEFF
STEALTH JEFF
@drawandstrike
THIS.

Russia hasn't been a willing partner in this treaty for almost 3 decades. We should have ended the pretense long ago.

Naturally, Rand Paul is telling anyone who will listen to him that Trump is making a HUGE MISTAKE here.


Rand is just like his dad, Ron. 100% isolationist.

They've never grasped that 100% isolationist is not 'America First' when you examine it. It really means 'America Alone'.

The consistent grousing of pursuing military alliances with allies - like Trump is doing now with Saudi Arabia.

So of course Rand has also spent the last 2 days loudly calling for Trump to kill the arms deal with Saudi Arabia and end our alliance with them.

What Obama was engineering with his foreign policy was de facto isolationism: pull all the troops out of the ME, abandon the region to Iranian control as a client state of Russia.

Obama wasn't building an alliance with Iran; he was facilitating abandoning the ME to Iran.

Obama wouldn't even leave behind a token security force, so of course what happened was the rise of ISIS. He also pumped billions of dollars into the Iranian coffers, which the Mullah's used to fund destabilizing activity [wars/terrorism] & criminal enterprises all over the globe
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After 17 years and more than 300 races, it could be @alo_oficial's last F1 race on Sunday 😭 He's given us a lot over the years... including some superb GIFs!

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Never give up. 💪 #GraciasFernando


Winning is everything. #GraciasFernando
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