BC BREXIT
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So here it is. After the euphoria, the @FinancialTimes @FTMag long read of how @BorisJohnson did his Trade deal with the EU. Tl:dr...not so much “build back better”, more “build back the borders” - stay with me/1.

 @FinancialTimes @FTMag @BorisJohnson The really under-appreciated part of this story is the extent to which the Johnson government, having won its 80 seat majority promising to "Get Brexit Done" then explicitly and actively chose the hardest possible version of #brexit in defiance of commercial interests /2
@FinancialTimes @FTMag @BorisJohnson Our story begins in January last year when David Frost commenced what Whitehall insiders call a "Star Chamber" process to strip away anything that might be considered more than a "Canada-style" deal - regardless of the fact that UK doesn't trade with EU like Canada! /3
@FinancialTimes @FTMag @BorisJohnson So what did that mean in practice?

Well, for example leaving EU aviation safety agency (EASA); Chemicals agency (ECHA), not getting a waiver of 'safety and security' declarations for hauliers, not seeking special arrangements for animal products...on and on it goes /4
@FinancialTimes @FTMag @BorisJohnson Didn't industry object? Well yes it did - but those who yelled too hard found themselves shut out of the door.

Did Whitehall object? Yes it did - Defra and Beis and Treasury all tried at some level to temper the revolutionary fury. But mostly failed. /5
@FinancialTimes @FTMag @BorisJohnson I recall reporting at the time that the haulage industry just couldn't believe, given 10,000 trucks a day crossed the Channel, that the UK gov wouldn't want a waiver on Safety & Security decs....a waiver Norway and Switzerland have. But no. Only Canada./6
@FinancialTimes @FTMag @BorisJohnson Some did belly-ache. I recall this amazing letter from @PauleverittADS about the government's promise to consult over EASA membership...and then announcing it had decided anyway. Objections were just batted away.... /7

https://t.co/DE5wV3HNH6
@FinancialTimes @FTMag @BorisJohnson @PauleverittADS As @GeorgeWParker - brilliant steward of this piece - reported back in January 2020, industries were told they were in "secular decline" - and who could forget @afneil telling @MakeUK_ conference that No.10 thought 3D printing was the answer /8

https://t.co/kYX7jOn8n9
@FinancialTimes @FTMag @BorisJohnson @PauleverittADS @GeorgeWParker @afneil @MakeUK_ To be fair, no secret was made of this - @DavidGHFrost went to Brussels and gave a speech in which he said industry was exaggerating...the next few years will show whether he was right. Doesn't feel that way to fishermen like Ian Perkes./9

https://t.co/1kLxFovh1U
@FinancialTimes @FTMag @BorisJohnson @PauleverittADS @GeorgeWParker @afneil @MakeUK_ @DavidGHFrost I should add a side-note here on services, which where already pretty much forsaken because of ending free movement - but the City knew that battle was lost. One exec observes Tory party is "controlled by ideologues" that put sovereignty over the economy. /10
@FinancialTimes @FTMag @BorisJohnson @PauleverittADS @GeorgeWParker @afneil @MakeUK_ @DavidGHFrost The brutal paring back of ambition created an unprecedented inversion of what trade talks are about - growing trade.

So that 'success' defined by @BorisJohnson's own terms - landing a Canada-style deal - meant the constriction of trade. We slipped through the looking glass./11
@FinancialTimes @FTMag @BorisJohnson @PauleverittADS @GeorgeWParker @afneil @MakeUK_ @DavidGHFrost It is true that the 'deal' is better than a 'no deal' would have been, but this was a barebones deal that was done with heads deliberately stuck in the sand. Damage assessments were not done. “Someone would occasionally proposedoing the work and everyone would say: ‘No.’”

Wow/12
@FinancialTimes @FTMag @BorisJohnson @PauleverittADS @GeorgeWParker @afneil @MakeUK_ @DavidGHFrost I wonder if any company CEO, or headteacher, or hospital administrator or bus driver or cafe owner proceeded on this basis...how long would they keep their job before being struck off, or suffering a shareholder revolt, or going bust? Could you do it in a normal walk of life? /13
@FinancialTimes @FTMag @BorisJohnson @PauleverittADS @GeorgeWParker @afneil @MakeUK_ @DavidGHFrost The negotiation itself was successful on its own terms - the UK did indeed get a skinny deal, walking into the 'elephant trap' that Sir Ivan Rogers had set out in Christmas 2019 - and neatly summarised here by @AntonSpisak

https://t.co/vH7H8p44zZ
@FinancialTimes @FTMag @BorisJohnson @PauleverittADS @GeorgeWParker @afneil @MakeUK_ @DavidGHFrost @AntonSpisak When the endgame came - wonderfully reported by my Brussels colleagues @jimbrunsden @Sam1Fleming - the UK gave up even on the 'extras' it had asked for on professional services and 'cross-cumulation of rules of origin' for carmakers.../14

https://t.co/fNX50cPPKu
@FinancialTimes @FTMag @BorisJohnson @PauleverittADS @GeorgeWParker @afneil @MakeUK_ @DavidGHFrost @AntonSpisak @jimbrunsden @Sam1Fleming As time wore on, the UK deployed its 'madman' strategy - not even @BorisJohnson knew if he'd go for deal or no deal - and there were times when there was so little strategy you wondered if that was actually true. I never spoke to EU folk who believed he'd do no deal fwiw /15
@FinancialTimes @FTMag @BorisJohnson @PauleverittADS @GeorgeWParker @afneil @MakeUK_ @DavidGHFrost @AntonSpisak @jimbrunsden @Sam1Fleming There was that small matter of the threat to break international law...which UK negotiators believed shook things up, but on EU side, only seemed to push Berlin behind Paris in demanding tough 'ratchet clauses' etc. And damaged our world standing /16

https://t.co/o88fnMkQKy
@FinancialTimes @FTMag @BorisJohnson @PauleverittADS @GeorgeWParker @afneil @MakeUK_ @DavidGHFrost @AntonSpisak @jimbrunsden @Sam1Fleming But @BorisJohnson got his deal, barebones as intended - and then told everyone that it contained no "no non-tariff barriers to trade" - and that wasn't an off-the-cuff remark. Watch the tape at 7m.29s, he's reading a text /17
https://t.co/FPP3IgFHLH
@FinancialTimes @FTMag @BorisJohnson @PauleverittADS @GeorgeWParker @afneil @MakeUK_ @DavidGHFrost @AntonSpisak @jimbrunsden @Sam1Fleming That means that someone in No.10 actually wrote that down. They put it into an approved text when they must have known it not to be true. Perhaps @BorisJohnson wrote it himself, but that really is an alternative fact.

Odd to be so proud of a Canada deal, then disown it. /18
@FinancialTimes @FTMag @BorisJohnson @PauleverittADS @GeorgeWParker @afneil @MakeUK_ @DavidGHFrost @AntonSpisak @jimbrunsden @Sam1Fleming And so what about the future? Yes, we'll suffer some frictions burns at the border now, but that will open the door to a sea of opportunity etc... @ColdChainShane says trade will be "slower, more expensive and
less flexible"...but the upside seems less clear. /19
@FinancialTimes @FTMag @BorisJohnson @PauleverittADS @GeorgeWParker @afneil @MakeUK_ @DavidGHFrost @AntonSpisak @jimbrunsden @Sam1Fleming @ColdChainShane Still. What's done is done...what it will mean for the future - politically and economically - is still very unclear. At some level, the architects of this deal must know - amongst all the cries of freedom etc - they've created a lot of burdens for a lot of people. Now what? ENDS

More from Peter Foster

Peter Foster
Peter Foster
@pmdfoster
🚨🚨🚚🚛🚨🚨email from Robert Hardy @RobHardyFR8 whose Customs Clearance Consortium is part of govt’s £200m scheme for GB-NI border warns of “huge shortage” of customs agents. Via @SJAMcBride /1

https://t.co/WoLWdI8LoF


He adds: “Export from GB with import to Ireland [is] amongst the most complicated...We expect heavy volumes at Dover from tonight as GB exports start to ramp up and many transporters do not have transit and EU clearance in place.” ...remember @BrandonLewis ‘no border’ tweet 🙄/2


He then warns - as @RHARichardB had warned - that the issue is companies providing poorly cleansed/matched data...and announces CCC doesn’t have capacity to raise docs in mainland EU/3


This is example of what Biz needs to do when moving agri foods - hauliers and vets tell me there is still no solution from Defra/Daera on how to do multiple pickups that require export health certificates at each stop (not uncommon) /4


In the next week or two we’ll see how these issue play into supply chains - and the issue that trucks flow in a cycle, GB-NI/IE-GB...so you need enough returning to keep the flow going. /5
FINANCE
Peter Foster
Peter Foster
@pmdfoster
🚨🇬🇧🇪🇺💄👠👗💅🏻🕺💃🇪🇺🇬🇧🚨
UK’s £35bn fashion industry warns of “decimation” from #brexit - big names sign open letter to @BorisJohnson urging action. Many of 50,000 SMEs on the rack due to VAT, customs and work permit issues. Stay with me/1


You can read the full text of the letter here, co-ordinated by Fashion Round Table @FashionRoundTab, but tl;dr it says that #Brexit has left a "gaping hole" in an industry that relies of free movement of professionals. It's a familiar cry /2



@FashionRoundTab The industry, already whacked by #COVID19, is now discovering that cross-border sales are a horror (VAT, Customs, long delays) and models, stylists, photographers that used to blat around Europe can't any more. They need permits, for themselves, for their gear /3

It is on one level amazing that this is only just fully dawning - as the musician industry found out recently - but fashion is not just big names and big companies. It's actually a mountain of small companies and sole traders often that feed into a huge (£35bn) industry /4

I've written about fashion models issue before (they need tier-5 sponsorship visas) and how that will erode London's status as a hub, but this goes so much wider than this - hence the #dontmakefashionhistory campaign - and comes down the lack of a mobility chapter in the deal /5
ECONOMY
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Peter Foster
Peter Foster
@pmdfoster
So. The hunt is on in Whitehall for #brexit dividends...to show some clear value in the freedoms given by Brexit.

As we report today one area being looked at is workers' rights...but it is politically difficult territory.

No cabinet decisions have been taken, but per sources, three potential areas been identified in Business Dept...

- the 48 Hour Week
- holiday pay/overtime calculations
- new EU rules on reporting hours worked...

All potentially possible post #brexit /2

The government says it has no intention of “lowering” workers’ rights....and notes that UK has actually gold-plated many EU regulations...BUT (think of government saying it won't "lower" animal welfare standards)...the devil will all be in the detail, if and when it comes /3

So the government likes to talk about ensuring workers’ rights are protected but ALSO making sure businesses has freedoms and flexibility to grow...so one man's reduction in rights is another freedom to get richer/work harder/be more prosperous. It depends how you sell it. /4

So take this 2017 story from The Sun on the cash bonanza that will be rained down on hardworking families by Brexiteers' (long standing) desire to scrap the 48-hour week. Overtime booooom..../5

https://t.co/QLqQ7rCzkv
BREXIT
Peter Foster
Peter Foster
@pmdfoster
🚨🚨🚨🇪🇺🇬🇧🚛🚒🇪🇺🇬🇧🚨🚨🚨 serious #brexit story alert - companies now starting to see penny drop on what rules of origin does to supply chains (food for example) but Brussels seems deaf to both EU & U.K. pleading. A bellwether? 😬 Stay with me. 1/


So first the problem: its a tad complicated but basically goods that are imported into UK and then 'hubbed' onwards into Ireland or other parts of the EU are facing full EU tariffs - this is particularly bad for food stuffs, which attract high tariffs. Why is this? /2

It's a function of the Rules of Origin clauses that mean that goods have to sufficiently "originate" in the UK to qualify for zero-tariff entry to EU (and vice versa).

But to qualify, you have to do something to the goods - process them or add value - not just punt them on /3

The brilliant @AnnaJerzewska does a better job than me of explaining, but the important thing is that this is a nightmare for companies that 'hub' /distribute products through the UK - and that's both EU and UK companies /4


So both the @Foodanddrinkfed and EU groups like @CAOBISCO_EU (chocs etc) say they want the EU Commission to fix this with a derogation/waiver that takes into account proximity and interdependence of EU/UK supply chains. /5
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

More from Brexit

\u2b50\ufe0f\U0001f49b\u2b50\ufe0f - Merry Christmas @Parler: Lou17Q
⭐️💛⭐️ - Merry Christma...
@Lou17Q
I’m going to reproduce @3days3nights posts here for backup and to do a full unroll afterwards. All credit goes to him! - P1
BREXIT
Steve Peers
Steve Peers
@StevePeers
As the transition period ends, the #BrexitDeal applies from tomorrow. But there's also a parallel significant legal change - most of the rest of the withdrawal agreement starts to apply. A thread on the legal issues in the rest of that agreement.


The citizens' rights provisions of the withdrawal agreement (on EU citizens who moved to the UK, and UK citizens who moved to the EU, before the end of the transition period) start to apply.

Annotation and detailed analysis of those provisions here:

After today, UK citizens newly moving to the EU, or EU citizens newly moving to the UK, are in principle governed by national law (partly harmonised by the EU, on the EU side).

However, the #BrexitDeal contains some provisions on visas for service providers.

The #BrexitDeal also refers to the matching unilateral decisions of the EU and UK to waive a visa requirement for short tourist visits. Analysis of the EU law on that issue here:

UK citizens resident in the EU on the basis of the withdrawal agreement (or who move to EU in future) should be covered by the EU law on long-term resident non-EU citizens, which provides for a limited form of mobility between Member States. Analysis here:
BREXIT
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David Henig
David Henig
@DavidHenigUK
Today's UK-EU trade deal reflection - what is rarely stated in discussions about the deal's shortcomings is that they reflect UK government policy choices - in particular that control of immigration and a US trade deal are a higher priority than an EU deal.

Thus, why was it not a UK government priority to secure for UK musicians the rights to tour the EU? Because that would probably have required a reciprocal right to be given to those in the EU, which we didn't want to give. Choice.

Meanwhile why did the UK government not seek or secure a reduction in food inspections for GB products going to the EU? Because that would probably have required fixing food regulations in a way that might have been an obstacle to a US trade deal.

Works the other way as well. Why did the EU refuse UK requests on mutual recognition of industrial testing? In part at least because of UK lack of commitment on maintaining the previous EU system of standards and conformity assessment which might be a problem in a US deal.

One of the strangest opinions in the London politics bubble is that the UK government isn't that bothered about a US trade deal, as it so obviously goes against the evidence. There might be domestic opposition, but this was to be Brexit Dividend Number 1.
BREXIT
Shane Brennan
Shane Brennan
@ColdChainShane
End of week 2 thread on post Brexit food trade

There is continued growing unease. The main picture remains one of depressed/tentative trade (c50% down y-o-y) and some high profile logistics business have taken the rational step to stop and regroup.

The big worry here is that ‘not-trading’becomes a habit. We can’t/won’t carry on at half the volumes of before, but as volumes claw back we may only reach something like 80% of previous volumes and that is a disaster for a food industry already battered by a recession.

Lots of focus has been on the idea of EU businesses stopping serving the UK. Worries about how we feed ourselves has trumped worry about our exporters at every stage. Even though it is the collapse of our export businesses that is (and has always been) the greater threat.

To reassure the mainland British shopper that feels like less of a risk. UK is a large market of wealthy consumers, and UK gov has shown it will do anything (however unfair) to ensure stuff gets in - even letting supermarkets have access to the fast track lane to Dover.


I am not as close to this but it feels like shortage on the shelves is more of a genuine immediate threat for the island of Ireland. The types of innovative solutions we have discussed this week can help but will they come in quick enough?
BREXIT
Shane Brennan
Shane Brennan
@ColdChainShane
As @michaelgove admitted yesterday we are expecting significant disruption in our #trade flows with the EU in coming days. The fact he is willing to say this confirms what most of us feel, that problems are building. This thread is a summary of what I have learnt in the past week

DISCLAIMER I run a trade body and spent the week in my back bedroom on the phone to members, reading the media and on zoom calls. I’m not on the ground and I am not in the operation rooms. So my info is second hand and partial. No one has a complete view. IT IS HIDEOUSLY COMPLEX

The first obvious problem is the number of different actors involved. On the commercial side - within 1 exporter there are multiple depts. There is also the buying company and the logistics company. They all have to sync. 1 load of goods involves multiple commercial actors.

On the government side its even more complex. In UK there are dozens of departments and agencies involved, and the same if not more in every member state of the EU. there are hundreds of thousands of decision makers involved.

They all have the same rule book though - YES true but its 1200 pages long and it's 15 days old - also - here's the thing with red tape, it's open to interpretation. (It's why lawyers tend to drive nice cars) and so being BORDER READY means different things to different actors.
BREXIT

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We should stop confusing what someone was doing when we became aware of them with all they are capable of, interested in, or ever hope to be

Let folks have their many talents, interests and gifts. Life is far more fun with variety, loves.

A lot of folks have come to know me as an activist & I’m grateful that folks care to know me at all.

But I wasn’t born in 2014. I was a whole teacher, executive, policy person, speaker, arts and culture lover, reader, writer, woman of faith, fashion and more before 4 yrs ago 🤷🏾‍♀️

We rightfully complain that marginalized people are not allowed to be fully human.

But we internalize and transfer our oppression daily. It’s a smog. We all breathe it in & act it out.

And then tell WoC “girl ain’t you supposed to be a _______? Why you doing ____?”

Can I live?

And don’t go reading anything personal into this-this isn’t about me necessarily and it’s no subtweet (I try hard not to do that.)

I’ve just been observing that behavior more and more lately. Especially when it comes to marginalized folks.

Evolution should be our aspiration.

“Can’t knock the hustle” should be our anthem.

As long as someone isn’t bringing active and continual harm, why can’t they explore their many sides?
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Bijay
Bijay
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A small write up on how the OPTION PRICES BEHAVES AT SUPPORT & RESISTANCE


https://t.co/EIbXwcHpHf


https://t.co/zDamXyOhh6
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Aditya Todmal
Aditya Todmal
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A Thread on the Boss himself @Mitesh_Engr

Mitesh Sir's Positional Option Selling 101:

• How to find direction
• Which options to sell
• How to deploy capital
• Exit criteria
• What ROI he targets weekly
• What % risk he takes

Done with the help of @niki_poojary


How @Mitesh_Engr Sir finds the direction?

• Daily charts S/R
• 75 min charts S/R
• Intraday trend
• Always play directional
• Never trades in strategies


Which options to sell in weekly expiry according to @Mitesh_Engr?

• Weekly candle High/Low
• Sell 1% away options from those
• Exit when levels breached


Position Sizing by @Mitesh_Engr Sir.

How to deploy your capital?

• First sell 20%
• Pyramid the next day
• When to exit
• What to do when view goes wrong
• What to do with idle capital


Some important tweets of @Mitesh_Engr Sir

• What Data to look at
• ROI for safe players per month
• Max risk per day
• Gather knowledge and play directional
• Never play strategies
OPTIONS LEARNING , ALL , MPLEARNINGS
Ramblings of a Sikh
Ramblings of a Sikh
@RamblingSingh
1/ Jassa Singh Ahluwalia & his role in the history of Shri Harmandir Sahib (A Thread)


2/ Jassa Singh was born in 1720/21 at a village called Ahlu in the Lahore District of Punjab.


3/ Jassa Singh was educated in Delhi, in Persian, Arabic & more, under the care & supervision of Mata Sundari Ji.

Mata Sundari Gurdwara in Delhi.


4/ In 1733, Jassa Singh's mama, Thag Singh (ਤਾਗ ਸਿੰਘ), requested Mata Sundari Ji's permission to take Jassa Singh back to Punjab.


5/ At first Mata Ji refused but eventually gave permission for Jassa Singh to go with his mama, giving Jassa Singh a blessing and weapons, informing him, it was now the right time to take up arms.
HISTORY
Jaya_Upadhyaya
Jaya_Upadhyaya
@Jayalko1
HORANADU ANNAPOORNESHWARI, CHIKMAGALUR (KAR)
#bharatmandir

Annapoorneshwari is the Devi of nutrition and food. The literal meaning of Annapoorneshwari is “Feeding one and all”. Anyone who comes here is offered meals and shelter within the premises.
@LostTemple7


Maharshi Agastya is believed to have done pratishtha here.

Once, Shiva and Parvati had an argument. Shiva declared everything in the world including food to be Maya or illusion. To prove him wrong, Devi Parvati disappeared resulting in entire Earth becoming still.


Taking pity, Devi appeared as Annapoorna and relieved everyone.
Another belief is that once Shiva beheaded Brahma and his skull got stuck in Shiva’s hand. He was cursed that till the skull is not full of food or grains, it will remain stuck to his hands.


Shiva went everywhere and asked for food but the skull was never full. He finally came here and Maa Annapoorna filled the skull with grains and reversed Shiva’s curse.

It is believed that who ever visits Devi Annapoorna here will never be without food in their lives.
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