BC BREXIT
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๐Ÿšจ๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿ‡ช๐Ÿ‡บ๐Ÿด๓ ง๓ ข๓ ฅ๓ ฎ๓ ง๓ ฟ๐Ÿ‡ฎ๐Ÿ‡ช๐Ÿšš๐Ÿšš๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿ‡ช๐Ÿ‡บ๐Ÿšจ

As #brexit talks drift towards the rocks, trade groups say plans for Irish Sea trade border after Brexit are โ€˜in a messโ€™ via, my latest via @FT ...this is an issue coming deal or no deal. Stay with me 1/

 @FT So to recap, under Northern Ireland protocol negotiated in the Withdrawal Agreement all goods going from Great Britain to NI must confirm with EU customs code. To avoid new border in Ireland, that means trade border in Irish Sea - new paperwork, new systems. Operational Jan 1/2
@FT The problem is that because the FTA negotiations are stuck, the negotiations in the Joint Committee on how to implement the Protoocl (and @michaelgove is with @MarosSefcovic talking today) haven't yet born fruit. That means a LOT of uncertainty. /3
@FT @michaelgove @MarosSefcovic How much uncertainty? Well, as @MichaelAodhan tells me, a lot. Research by the Northern Ireland Business Brexit Working Group (NIBBWG) found only 20% of members were ready. And its not their fault: need info on tarifs, computer systems etc. And are not getting answers /3
@FT @michaelgove @MarosSefcovic @MichaelAodhan Now. The Government has earmarked ยฃ200m for the Trade Support Service run by Fujitsu and the Customs Clearance Consortium with @ShankerASingham @RobHardyFR8 to help business process new paperwork...BUT even it cannot answer lots of Qs, and won't help with animal/SPS issues. /4
@FT @michaelgove @MarosSefcovic @MichaelAodhan @ShankerASingham @RobHardyFR8 So. Take a look a this presentation by @ShankerASingham and TSS to @ManufacturingNI members last week....as M'fing NI boss Stephen Kelly tells me, his members just aren't clear what they need to do. This isn't necessarily anyone's fault... /5

https://t.co/vSgU5LlZ31
@FT @michaelgove @MarosSefcovic @MichaelAodhan @ShankerASingham @RobHardyFR8 @ManufacturingNI The problem is a lack of information because of constraints noted above...and which biz groups have been screaming at the government about. Take this letter from the NI Meat Exporters Association last week...which says they can't ready - deal or no deal. /6
@FT @michaelgove @MarosSefcovic @MichaelAodhan @ShankerASingham @RobHardyFR8 @ManufacturingNI Because this is about real-world processes. Companies registering with the TSS, creating cleanses 'master data' sets and then interfacing with the govts CDS customs systems - which they have to do via TSS because it seems software interfaces aren't ready for others /7
@FT @michaelgove @MarosSefcovic @MichaelAodhan @ShankerASingham @RobHardyFR8 @ManufacturingNI If you look at the timelines on this NIMEA letter you can see how constrained the situation is - and why there is going to have to be some flexibility on both sides come January 1. Some form of phasing in or implementation period /8
@FT @michaelgove @MarosSefcovic @MichaelAodhan @ShankerASingham @RobHardyFR8 @ManufacturingNI The government has indicated it will take a "light touch" approach to the new enforcements...but for hauliers and shippers a 'nod and a wink' approach is a very difficult way to do business. Do you just take your chances at the border? /9
@FT @michaelgove @MarosSefcovic @MichaelAodhan @ShankerASingham @RobHardyFR8 @ManufacturingNI Because as @RHARichardB explains, supply chains work (particularly in food/supermarkets) on the basis that you DO catch that boat, because if you don't your perishable goods aren't going to be on the supermarket shelves on time. /10
@FT @michaelgove @MarosSefcovic @MichaelAodhan @ShankerASingham @RobHardyFR8 @ManufacturingNI @RHARichardB Hauliers I'm talking to are shocked by the level of detail they are being asked for as part of the TSS service (basically everything about a customs code) which a lot are not equipped to provide.

At the same time Defra is unable to answer basic questions..../11
@FT @michaelgove @MarosSefcovic @MichaelAodhan @ShankerASingham @RobHardyFR8 @ManufacturingNI @RHARichardB So for example "groupage". Simply. I go pick up a load of lamb, beef and chicken from three distro point. I get an export health cert for the lamb. Arrive at second stop. Then seal is 'broken', so how do I certify the lamb again - make sure it wasn't tampered with etc. /12
@FT @michaelgove @MarosSefcovic @MichaelAodhan @ShankerASingham @RobHardyFR8 @ManufacturingNI @RHARichardB And then the same process with the chicken...

Leaving aside how chicken currently in cold storage will get a health certificate which it will need after Jan 1 if going to NI...but didn't when it was delivered?

It can be make to work, but its complex and needs time /13
@FT @michaelgove @MarosSefcovic @MichaelAodhan @ShankerASingham @RobHardyFR8 @ManufacturingNI @RHARichardB The gov is trying best to negotiation a Retail Movement System simplification that will push checks to warehouse and create, for example a month-long validity 'conformity certificate' for meat products...but that wont help wholesalers or anyone shipping inputs/14
@FT @michaelgove @MarosSefcovic @MichaelAodhan @ShankerASingham @RobHardyFR8 @ManufacturingNI @RHARichardB The point is that even as we do get clarity of which goods are 'at risk' of going into EU single market, business will need time to adjust.

Negotiatiors on both sides say a one-year 'implementation' period won't happen...but there will need to be flexibility /15
@FT @michaelgove @MarosSefcovic @MichaelAodhan @ShankerASingham @RobHardyFR8 @ManufacturingNI @RHARichardB The TSS - which is offering inflated customs intermediary salaries of ยฃ40k+, compared to ยฃ25k - is also going to be put to the test in the coming months as it tries to process the movements of operators who are highly inexperienced in doing all this /16
@FT @michaelgove @MarosSefcovic @MichaelAodhan @ShankerASingham @RobHardyFR8 @ManufacturingNI @RHARichardB And whatever happens with the deal, BOTH sides have a responsibility to the Good Friday Agreement and Northern Ireland to make this work in a way that doesn't make NI consumers & businesses pay too high a price for an "English" #Brexit - which is how some will present it /17
@FT @michaelgove @MarosSefcovic @MichaelAodhan @ShankerASingham @RobHardyFR8 @ManufacturingNI @RHARichardB There is a LOT of frustration and finger-waving going on out there at the moment (totally understandably) but there is a huge mutual interest - for the UK's Union and the EU's Union, which of course includes Ireland, to get this right. ENDS

More from Peter Foster

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 โ€œloweringโ€ workersโ€™ 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 workersโ€™ 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
Good to see @Marthakearney on @BBCr4today taking @pritipatel to task over the numbers of lorries in Dover - now 1,500 in Stack (M20) and Manston airfield combined - rather more than 170 that @BorisJohnson said yesterday, baffling haulage groups /1

@BBCr4today @pritipatel @BorisJohnson She won't say whether lorry drivers will have to take a PCR test (long-winded, requires RNA extraction etc. 24-48hrs) rather than much faster (and less sensitive) lateral flow test. Short Strait will struggle to operates with PCR tests. You'd need one yesterday for tomorrow! /2

@BBCr4today @pritipatel @BorisJohnson Because of the delays that have empty lorries already stuck in the queues, in an earlier interview British Retail Consortium @the_brc Andrew Opie said fresh food shortages would occur within days because lorries couldn't get back to Spain etc to reload /3

@BBCr4today @pritipatel @BorisJohnson @the_brc Haulage experts like @RHADuncanB are always at pains to explain that the lorries at Dover (and GB-IE, for that matter) are flowing in a continuous cycle. More than 85% are from EU countries. So if you block one side, or artery the whole system starts to grind to a halt/4

@BBCr4today @pritipatel @BorisJohnson @the_brc @RHADuncanB This episode has been a bit of a teaching moment, exposing the canard that the UK can unilaterally "take back control of its borders". It can't. Borders are membranes. Traffic flows in both directions. Actions by one side impact the other - as French move has demonstrated. /5
POLITICS
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Peter Foster
Peter Foster
@pmdfoster
NEW. ๐Ÿšจ๐Ÿšจ๐Ÿš›๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿ™„๐Ÿš›๐Ÿšš๐Ÿšจ๐Ÿšจ clear signs govt is preparing for coming #brexit turbulence - consulting on new fast-track scheme for food lorries returning to Europe /1



The idea is that 300 lorries a day will be granted 'fast track' permits so they can go back EU and replenish supplies...this is because (see below) the gov fears that potential for disruption is "high" /2


The 8-page consultation document notes this is both because of #Brexit but also because of #COVID19 and continued French insistence on checks on all drivers from UK. /3

Lots arriving in Kent without clear tests SO separately Dept for Transport is considering ยฃ150 fines for drivers that don't have clean tests before entering Kent - problem, say hauliers, is that this requires communicating with EU-based drivers (85% from EU) /4

The govt is worried that disruptions will risk the kind of panic-buying we saw in early #COVID19 pandemic /5
GOVERNMENT
Peter Foster
Peter Foster
@pmdfoster
BREAK: ๐Ÿšจ๐Ÿšจ๐Ÿ‡ซ๐Ÿ‡ท๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿš—๐Ÿš™๐Ÿš—๐Ÿš™๐Ÿš—๐Ÿš™๐Ÿš—๐Ÿš™๐Ÿš—๐Ÿš™๐Ÿš—๐Ÿ‡ซ๐Ÿ‡ท๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿšข๐Ÿšข๐Ÿšข๐Ÿšจ๐Ÿšจ The UK rejects Dover funding bid to double French passport booths via @FT - long queues ahead...as other ports also donโ€™t get money they asked for to build #brexit border. Stay with me/1 thread


So what is this all about? Well back in October the govt announced a ยฃ200m Port Infrastructure Fund - details below - for ports to get ready for the new trade processes for #Brexit border. Dealing with those 215m extra customs decs etc..

Today we find out what everyone got - but it turns out that 54 ports asked for more than ยฃ450m - so a LOT have been bitterly disappointed. Not just Dover (on which more in a second)...they are furious the government is not willing to fully fund the very borders they mandated /3

So here is the list of what everyone got - 41 ports had winning bids totaling just over ยฃ194m - but you'll note that Dover got...wait for it...ยฃ33k. No, that is not a type. Thirty-three thousand pounds. They asked for ยฃ33m!! Why? Well to build new passport lanes. /4


Why? Because as an @NAOorguk report warned in November the Govt's 'reasonable worst case scenario' for delays at Dover for passenger traffic was "one to two hours" and "much longer" in the summer. Eeek. Happy hols everyone! /5

https://t.co/K77Is5tfxk
BREXIT
Peter Foster
Peter Foster
@pmdfoster
Remember the government wanting to "follow the science"? It is remarkable how far it is ignoring scientific advice on this new ultra-infectious variant of #Covid-19 by keeping schools open... both SAGE and @imperialcollege issuing warnings on school closures. Stay with me. /1

First the @imperialcollege paper, which finds that the new variant is still being ultra-infectious despite November lockdowns - link here, but cases of new variant trebled in SEast, even under lockdown /2

https://t.co/fdvuVX3OkW


The paper then notes (given schools were open and under 20s are most infected): "A particular concern is whether it will be possible to maintain control over transmission while allowing schools to reopen in January 2021." /3


This echoes what govt science advisory SAGE cmme told ministers on Dec 22...that it was "highly unlikely" the R number can be kept below 1 (cases falling, it is currently 1.1-1.3) with schools open /4

https://t.co/yV5qcSkErJ


But on Dec 30 Gavin Williamson announce primaries would go back, and secondary schools would have staggered return while testing regime (lateral flow, not that sensitive) was set up - see statement here
GOVERNMENT

More from 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
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

"Parliamentโ€™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
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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 impressions๐Ÿ‘‡

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
Nick Marro
Nick Marro
@nickm4rro
1/ Lots of good analysis out there on why the EU-China CAI is a bad decision in the context of Xinjiang, transatlantic partnerships, etc. But I also think that even the trade/econ benefits of the CAI look quite limited. Thread:

2/ It highlights, as a win, that Chinaโ€™s preservation of existing liberalizations. Thatโ€™s positive, but not really a big problem; the bigger issue is stagnation, where reform pledges have failed to materialize after years/decades of promises. Great example is in the FDI openings,


3/ which are highlighted to include cloud, auto, fin services etcโ€”all areas of EU/MNC interest. Thing is, these openings arenโ€™t new. China has begun opening auto/finance since 2018/19, while the 50% cap on cloud services has remained unchanged since 2015 (or before if we consider


4/ WTO ascension commitments vs the 2015 Telecom Catalogue, but thatโ€™s for another day). So these are existing openings that are repackaged as โ€œwins.โ€ More critical issue beyond FDI caps is around licensing issuance, which still big problem. Arguably some more significance in

5/ R&D and health? Not an expert, but the FDI conditions (eg hospitals only in certain cities) are limiting, while R&D could be complicated by data/info controls. Itโ€™s also unclear how existing tech transfer prohibitions exceed existing protections in the foreign investment law,
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

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๐ŸŽ‰๐ŸŽ‰ PHP 7.3 is here!

Here are the things I'm excited about.

๐Ÿš‚ Trailing commas in function/method calls!

This will certainly be a required styling choice for me. Same delightful benefits of trailing comma in multi-line PHP arrays, and JavaScript objects.


๐Ÿงต Less disgusting heredoc syntax!

Inlining heredoc strings in any way right now is grrrosssss. Now we get sensible capabilities. Everything that was wrong with it is now fixed!

(Ignore the bad syntax highlighting)


โ˜ ๏ธ Finally, not-so-silent json_decode error detection!

This really sucked before, now it just sucks a bit less (who wants to pass a 4th param and pass 2 default params first? (helper function anybody?)


๐Ÿ“œ Not horrible functions for getting the first and last item (or key) from an array!

Before you either strung a bunch of functions together or messed with internal array pointers. This is a much-needed improvement.
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Sam Rocha
Sam Rocha
@SamRochadotcom
THREAD

I get asked for writing tips a lot. Of all the ones Iโ€™ve given, here are a few of the ones that seem to hold true and remain somewhat universal or at least mostly unobjectionable:

#amwriting #writingtips

1. If you are a fast writer (i.e., if you compose first drafts very quickly) then you absolutely must become a slow editor. Much of what I call โ€œwritingโ€ is really, for me, editing.

2. If you donโ€™t read you cannot write a lot or well. Sure, maybe you can read like a maniac for a decade and then read less after that, but without some large volume of intake, there will never be a meaningful output.

2.1 I sometimes say that I feel like writing without reading is like trying to run a marathan on a cracker. And sadly I see many students struggling to write when they have simply never read enough to fuel that demand of the task at hand.

3. All writing is writing if one decides to treat it that way. If one takes some degree of intentional will when sending emails, posting on social media and writing notes and marginalia, then all of that can count as meaningful daily writing.
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Elon Muskโ€™s Meme ๐Ÿ…ฑ๏ธot...
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Nikita Poojary
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Catch me if you can @Mitesh_Engr

Time for a๐Ÿงต
Mitesh Sir's EXPIRY Option Selling 101:
โ€ข What to look for?
โ€ข Strike Selection & Ratios
โ€ข SL mgmt
โ€ข Avoiding freezes
โ€ข Monthy Expiry
โ€ข Event days
โ€ข How he would have traded last expiry?

In collaboration with @AdityaTodmal


Edward de Bono says intelligence is like a๐Ÿš— Automobile

โ€œA powerful car may be driven badly. A less powerful car may be driven well. The skill of the car driver determines how the power of the car is used.โ€


What @Mitesh_Engr Sir looks at for Expiry Trading:

โ€ข Technicals of BNF
โ€ข Individual Heavyweight stocks of BNF
โ€ข Support/Resistance of BNF on weekly TF
โ€ข Also has Superb SL management
โ€ข When it comes to adjustments, he is always on toes


How to Select Strikes to Sell?

โ€ข You can't sell based on premium
โ€ข Follow only trend
โ€ข Price action is best to sell on expiry day
โ€ข Never wait for the options to go to zero


Using Ratios to Sell:

โ€ข If BNF is in a range then strangles
โ€ข If breakout/ breakdown from a range then directional
โ€ข Selling 70/30 or 80/20 ratios
โ€ข 2 examples on how he used ratios
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Chris Herd
Chris Herd
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I've spoken to 1,500+ people about remote work in the last 9 months

A few predictions of what is likely to emerge before 2030

[ a thread ] ๐Ÿ’ป๐Ÿ ๐ŸŒ

๐Ÿšœ Rural Living: World-class people will move to smaller cities, have a lower cost of living & higher quality of life

These regions must innovate quickly to attract that wealth. Better schools, faster internet connections are a must

โฐAsynchronous Work: Offices are instantaneous gratification distraction factories where synchronous work makes it impossible to get stuff done

Tools that enable asynchronous work are the most important thing globally remote teams need. A lot of startups will try to tackle this

โšฝ๏ธHobbie Renaissance: Remote working will lead to a rise in people participating in hobbies and activities which link them to people in their local community

This will lead to deeper, more meaningful relationships which overcome societal issues of loneliness and issolation

๐ŸŒDiversity & Inclusion: The most diverse and inclusive teams in history will emerge rapidly

Companies who embrace it have a first-mover advantage to attract great talent globally. Companies who don't will lose their best people to their biggest competitors
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