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)

Fish thread.
Having read the Brexit deal, I believe B. Johnson misled the nation on Thurs when he said Britain could catch “all the fish that it wants ” in UK waters in 5 years’ time. The clear presumption in the text is that EU fleets will have similar access after 2026.1/12

The UK fish industry will have to pay a high price in EU import tariffs if that access is withdrawn. Overall… the deal falls far short of the exaggerated “sea of opportunity” promises made to UK fishermen. 2/12

The headline quota compromise - reducing EU catches in the UK 200 mile zone by 25% over five and a half years – is balanced enough. But different fishers will study the small-print with delight OR anger. Some EU quotas will be cut more than others. 3/12

Fisheries, we were told, would be a big Brexit winner. No it won’t. On this deal, the UK industry will certainly lose more from Brexit (no more frictionless access to the EU market) than it gains (incremental, extra quotas over the next 5 years). 4/12

First…the length of the deal. The 5 and 1/2 years of cuts in EU quotas/increases in UK quotas, are laid out in annexes to the main treaty. The last column says “2026 onwards” In other words, the presumption is there will be no further cuts in EU quotas after that date. 5/12

EXCLUSIVE. "We want a Brexit deal with the UK. But the EU is ready for No Deal"

I interviewed Joao @ValedeAlmeidaEU, EU’s first ambassador to the UK. He expressed many interesting comments on the ongoing #Brexit negotiations

THREAD with some

1. Ambassador Vale de Almeida:

the aim is a "fruitful, ambitious, forward-looking relationship between the EU and the UK after Brexit". BUT "it is very important to make sure that the Withdrawal Agreement is fully and completely implemented".

#Brexit

2. Then he said:

Another challenge is "to engage with the British authorities, [...] Whitehall, No10, FCDO and beyond, but also with the DEVOLVED UK nations. This country is a union. It's not only the government in London, BUT ALSO the governments in the 3 devolved nations".

3. But we'll talk later about this.

Then the Ambassador said that #Brexit "is a moment of sadness because we're losing one member of the family, but also we [the EU] need to reflect, draw lessons from it" and "to be humble as well about Europe and the project itself".

4. Which lessons?

Amb: "We [EU] need to connect better with people, understand better what are people's concerns, accept that there are national situations that need to be given full attention. We need to be humble and question ourselves: "Are we doing the right thing"

#Brexit

Here is thread with few facts relevant to current drama on Brexit deal or rather more likely NO DEAL - FOR NOW!
1.) If we have to go to ‘no deal’ (/Australia deal) we will be doing what most members of World Trade Organisation (WTO - covering virtually every country in world) do.

2/ 2/3rds of trading in world is done under WTO rules. USA exports more than UK does to EU but does so under WTO rules; so does China.
2.) If tariffs have to be imposed under ‘no deal’ WTO rules, the EU will pay £12bn in tariffs a year and the U.K. £5bn (ref: Civitas) -

3/ (ref: Civitas) - because tariffs hit mostly agricultural EU goods, such as 40% on cheeses & 12% on wine;
3.) The £12bn income from tariffs will come to UK Treasury, not Brussels. Effectively these will be UK consumer taxes that could perhaps go towards reducing COVID debt?;

4/ 4.) 43% of UK exports do yes go to EU; but this is small proportion of our actual economy: only 7.5% UK GDP are goods exports to EU; 13.5% with services. Only 8% UK companies even trade with EU. (@BBCNews please show balance on this). Most of our trade is internal within UK.

5/ over 2/3rds (SNP take note!); so tariffs will effect a small proportion of UK exports (though some sectors will be hit hard;
5.) By definition, 57% of U.K. exports go to Rest of the World. Growth outside of Europe is forecast to be 90% of all growth over next 15-20 years.

👨🏾‍💻 OK. So the @Independent is such a rare thing these days. There are a couple of things to highlight in this article.

Firstly, Rules of Origin generally are a WTO concept not EU concept. The Single Market recognised the UK as equivalent #Thread

Most of the provision of the UK-EU Partnership Agreement undoes EU rules to 'regress' to WTO rules, before then applying the Free Trade Agreement elements between the two parties. That's the nature of going from Single Market & Customs Union, to a [mere] free trade agreement /2

The affected industry bodies seem to think they can just pick up the trade deal & start negotiations from scratch again. No, that's not how it works. The EU are now not part of the regulatory chain the UK can access, since the UK gave up on the shared competency of membership /3

Unlike UK Parliamentary law, which works on the principle of not binding future electorates, this is a principle that can only apply in the UK. The EU (or anyone else we ever end a deal with) not only doesn't recognise it, but can't! /4

Previously, in the UK, you could just write to your MP, who could raise questions with the shared l competency, through the European Council. You could also write to your MEP, who could raise questions to the European Parliament. Now, neither of these apply /5