THURSDAY 24th

Merry Brexmas
-Johnson is expected to make the Brexit deal announcement today at around 08:00GMT
-Johnson will first talk to EU Chief at 07:00GMT to sign and seal after "late night wrangles over individual fish species" (not a joke)

-There were four secret calls between PM and EU chief VDL yesterday to get the deal over the line, VDL asked Johnson: “Do we have a deal?” to which the PM replied, “Yes.” 🍾
-Johnson is said to have made "huge concessions", likely to anger Brexiteers in Britain
-Senior European source says Johnson is willing to accept that the EU hands back just 25 percent of the value of fish it catches in British waters, over a 5.5-year transition period. The UK was previously insisting on 35 percent, over three years
-Sources say Boris showered Michael Gove with praise last night on the Cabinet call, Said his former rival and been "indispensable" in getting a deal, with planning and No Deal readiness🤗
South Africa travel ban
-Passengers travelling from South Africa to England today will be denied entry, after government scientists and ministers became increasingly alarmed about a new strain of the coronavirus that has emerged in the country.
-Hancock yesterday signalled that the South African COVID strain was significantly more transmissible even than the newly identified British strain
-"Government sources warned that the South African strain had the potential to be the next big COVID story" Great
Trump pardons
-Trump has pardoned Paul Manafort, Roger Stone and Charles Kushner
-He granted full pardons to 26 more people on last night
-More waves of pardons expected in the coming week
Vaccine news
-Moderna expects its vaccine to protect against UK coronavirus variant
-"We have tested against a number of previous variants of the SARS-CoV-2 virus that have emerged since the first outbreak of the pandemic and found our vaccine to remain equally effective"
Iran
-Trump to hold Iran responsible for the recent attacks on American embassies in Iraq
-"Embassy in Baghdad got hit Sunday by several rockets. Guess where they were from: IRAN. Some friendly health advice to Iran: If one American is killed, I will hold Iran responsible."
Stimulus
-House to move forward with $2000 stimulus payment vote today
-House Dems plan to try to pass $2,000 stimulus payment via unanimous consent. If that does not work, they will push a bill on Monday to increase the $600 payment in the existing relief package to $2,000
Alibaba
-Chinese financial regulators summon Ant Group for a meeting 🧐
-"China has launched an antitrust investigation into Alibaba Group and will summon the tech giant’s Ant Group affiliate to meet in coming days"
No-one has been assigned to the usual morning broadcast round due to Christmas
Some notable appearances however
-Nigel Farage on LBC @ 7.05
-Dominic Raab on LBC @ 7.50
-Raab on Times radio @ 9.05
Shocker
-Reports floating around that timings this morning "may slip a bit"
-PM public appearance not expected for minimum couple of hours plus plus

Just in: China will suspend flights with the UK due to the new strain

More from Brexit

A quote from this excellent piece, neatly summarising a core impact of Brexit.

The Commission’s view, according to several sources, is that Brexit means existing distribution networks and supply chains are now defunct and will have to be replaced by other systems.


Of course, this was never written on the side of a bus. And never acknowledged by government. Everything was meant to be broadly fine apart from the inevitable teething problems.

It was, however, visible from space to balanced observers. You did not have to be a trade specialist to understand that replacing the Single Market with a third country trade arrangement meant the end of many if not all of the complex arrangements optimised for the former.

In the absence of substantive mitigations, the Brexit winners are those who subscribe to some woolly notion of ‘sovereignty’ and those who did not like freedom of movement. The losers are everyone else.

But, of course, that’s not good enough. For understandable reasons Brexit was sold as a benefit not a cost. The trading benefits of freedom would far outweigh the costs. Divergence would benefit all.

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