BC BREXIT
Saved by @Alex1Powell

1. Brexit. Like Christmas with Covid or dunking your head in a bucket of ice cold water or running your toes over with a lawnmower. What fun we did not have. But here we all are. Forced to play the worst ever drunken party game.

THREAD

 2. So as we while away our time, whooping it up from lockdown, wondering at the next national crisis, let us ponder this week’s existential question: how can a Brexit deal be so close and yet so far away?
3. Is it close? Is it far away? Are we doomed or saved? And even if we’re saved are we in fact doomed?

It’s all too much. Like playing zenga with no twig things or scrabble with no letters. My head is spinning. Pass me the whisky and egg my nog.
4. To generalize (why not, everyone else does) Brexit commentary tends to fall into two illustrious camps both full of the wisest of sages.
5. The first reflects upon Mr Johnson’s character and political track record, the many hard as you like pronouncements emanating from various government orifices and the most peculiar composition of the Conservative Party, to arrive at an understandably unhappy conclusion.
6. The other camp (in which I have pitched my measly bedroll) tends to put more weight on what might be loosely described as the fundamentals. Put simply, only an absolute lunatic would risk the consequences of no deal for a few more fish.
7. The good news - and I say this from my very lofty vantage point - is that both views are right! Happy days! There are both deal positive and negative elements in play.
8. The bad news is that both views are wrong? Why? Exactly the same reason! There are both deal positive and negative components in play.

In other words, there is a complicated and shifting balance in place.

I’m sorry but this is life.
9. Now before you fling your tweeting devices away in frustration, I shall get to the good part and explain why after many trials and tribulations I think deal will prevail versus no deal.
10. And, I shall lead with the punchline. Perversely, I think deal will win out because political considerations will triumph or rather conjoin temporarily with the fundamentals.

(NB I am often wrong)
11. We can, I think, discount some arguments on both sides. I don’t think Team Brexit cares much about LONG TERM (deliberate caps) economic projections. I think Team Brexit cares v much about the Union but I also suspect key Team members think this is a problem for another day.
12. Finally, taking a rhetorical feather from my good friend the sage @trekonomics I am going to say something very controversial.
13. I don’t think the ERG matters as much as people think. Because I don’t think they will have the numbers and I really don’t think they are especially relevant to the Johnson political strategy going forward.
14. So what are we left with?

The political cost of compromise for the Iron Maiden of Brexit versus the political cost of two unequivocal NEAR TERM fundamentals if there is no deal: huger traffic jams and even lower growth and higher unemployment in the first part of next year.
15. My view is that the political cost of the latter is higher than the former. My view is also that various other factors, including the pandemic, the Biden election, the sackings of Cummings and Cain, have pushed the situation further in the deal direction.
16. On a more subjective note, I sometimes like to think about this very complicated situation as if I was a pound shop pundit writing a column for a national newspaper.
17. The column would be called the Great British Brexit Deal & it would be about leadership in the national interest, about a new dawn for a proud nation, about statesmanlike compromise, about balls coming loose from scrums & winning goals, about sunlit uplands not vales of tears
18. As a wise man never said,

‘If you write it they will come.’

And this Brexit deal writes itself. 

/ends

More from Objective Columnist

Objective Columnist
Objective Columnist
@Sime0nStylites
I find it very strange that the same sort of people who look back on the financial crisis and austerity as catalysts for great change now seem to see Brexit and Covid as catalysts for great stability.

Partisanship is one helluva drug. Financial crisis = bad crisis. Brexit = good crisis. Even Covid, unequivocally a bad crisis, is characterised in parts as a good crisis (world beating vaccine etc).

A different reading (which spans Labour, Coalition and Conservative governments) is that 2008-2021 has been one continuous period of crisis punctuated by shorter periods of calm.

Crises aren’t the exception. Scottish independence and the future status of NI look ahead. They are the rule. More specifically, whether the crises are endogenous or exogenous the state has proven woefully ineffective at dealing with them.

We are meant to try to learn from this. And do our best not to apply partisan blinkers. The problems are deeply rooted. And, very obviously, Brexit isn’t the fix. It’s an attempt at a cure but in the same way as a radical therapy that solves some problems but creates others.
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Yet Another Columnist
Yet Another Columnist
@Sime0nStylites
Typically excellent piece from @dsquareddigest The exponential insight is especially neat. Think of it a little like fishing...today you can’t export oysters to the EU (because you simply aren’t allowed to), tomorrow you don’t have a fish exporting business (to the EU).


The extremely small minority of people who known anything about this who think that Brexit will be good for the City make a number of arguments which I shall address in turn...

1. They need us more than we need them. This is a variant of the German carmakers argument. And we know how that went...Business will follow the profit opportunity and if that has moved then so will the business...

And what do we mean by us / we. We’re not talking about massed ranks of Euro investing / trading etc blue blooded British institutions.

Au contraire. We’re talking about the London based subs of US, Asian and indeed European capital markets players...As soon as they think the profit opportunity has moved then so will they...it’s a market innit...
GOVERNMENT
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Yet Another Columnist
Yet Another Columnist
@Sime0nStylites
One wonders how long Lord Frost will retain his new position. The personnel decisions made by the PM are nothing if not frequent, ruthless and mercurial.

The whole affair is very curious. While I am sure that Lord Frost’s elevation owes much to his relationship with the PM and the perceived success of the Brexit negotiation, it is very curious indeed that allegedly it took a threat to resign to secure this new role.

A role which is needed (although might have been structured differently) but was to a large effect previously undertaken (with reasonable success) by Michael Gove who one might imagine may not be entirely happy with this diminishment of his responsibilities.

What might have happened to have resulted in this dramatic and to some extent destructive move (which appears to have been played out in the context of a wider struggle that saw Oliver Lewis (previously Lord Frost’s (LF) negotiation deputy)?

The original sin, of course, is the agreement to the Northern Ireland Protocol. Who knows who did what to who or thought what about what but my speculation is the PM either did not understand the consequences of the Protocol or was assured they could be successfully addressed.
SOCIETY
Objective Columnist
Objective Columnist
@Sime0nStylites
1. Some thoughts about picking over the bones of the referendum loss.

TLDR - get over it, move on, and most importantly, find a better strategy.

2. From an analytical perspective, I don’t think there’s much point in constantly assessing the referendum.

3. The answer is either so simple as to be banal (bad campaign etc) or too complicated (deep rooted societal roots etc) as not to provide any simple lessons. In any case, the result was very close.

4. Rather than dwell on the past, live in the future. Influencing what happens next is much more important than focusing on historic defeat.

5. You don’t see current Brexiteers lamenting the woeful state of their plans do you?
HEALTH
Objective Columnist
Objective Columnist
@Sime0nStylites
Along the way I wrote about considering Johnson’s Brexit decision as a choice between clichéd narratives. What would read / play best? Well...


It is absolutely no surprise to me that he ended up choosing the ending that would most easily portray him as the hero who saved the day.

The tricky part of this narrative is convincing re the ‘not giving in’ part. Hence all the bluster about standing tough and being happy to walk away.

And yet.

I’m old enough to remember when we wouldn’t accept any LPF provisions, any state aid constraints and we wanted all our fish back right now. Otherwise it’s an ‘Australia’ style Brexit.
BREXIT

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Joe Mayes
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@Joe_Mayes
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/
BREXIT
John Lichfield
John Lichfield
@john_lichfield
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
BREXIT
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Ian Dunt
Ian Dunt
@IanDunt
Commons debate of the Brexit deal kicks off in a bit and lasts until 2:30pm, when it goes off to the Lords. You can follow here.

I'm going to tweet along to the Commons bit because fuck it, what else is there to do. Just to eat and drink and be merry and relaxed, and why would anyone want to do something like that.

In the mean time, I strongly recommend this blog by @Brigid_Fowler of the Hansard Society

"Parliament’s role around the end of the Brexit transition and conclusion of the EU future relationship treaty is a constitutional failure to properly scrutinise the executive and the law."

The great irony at the heart of it all. This entire process was done to give parliament control. In reality, it is spending much less time scrutinising constitutional changes than when we were in the EU.
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
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

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