New: the U.K. is claiming victory over the EU in the Brexit talks. Let's take a closer look... 1/

.@EuroGuido has shared a `scorecard' of the negotiations, claiming Britain `won' 43% of the issues in the talks. EU won 17%, 40% were mutual compromise. Bear in mind, this is the British negotiating team marking its own work.. 2/

The key q is *how important* are the issues. Just tallying them up doesn't say much. If you won lots of small, low-impact areas, but lost in big areas important to your economy, that's what matters 3/

And at first glance, there are some important things missing for the UK. 1) No mutual recognition of conformity assessment. This means companies will have to pay to certify their products in both the UK and EU. Double regulation = double the cost 4/

We discussed the cost of bureaucracy duplication due to Brexit here 5/