Morning. And its Groundhog Day today. https://t.co/gRs4Dc8RH2

Some useful threads will follow, first on the Northern Ireland protocol, where unfettered is still being defined... https://t.co/YHPJdNC4mf
And on fish and level playing field. The latter seems, has always seemed, the most problematic, because the UK has apparently ruled out any compromise on shared minumum levels even if not automatic. That would be a deal breaker, but seems... unnecessary. https://t.co/PCtI1olTOV
Your reminder closing complex deals is never easy. But there are ways to facilitate and EU is good at doing this if you meet their red lines. But still the biggest concern that the UK never understood level playing field terms are fundamental to the EU. https://t.co/WkQHyvMzMt
In the UK, one man's decision. Allegedly backed by a Cabinet who in reality will be quite happy to blame the PM either way. The temptation to send Michael Gove to seal the deal and end his leadership ambitions must be there... https://t.co/T12k9zpVpw
As it happens... https://t.co/dOeSREAAYg
For what it's worth it seems likely that there was some kite flying last night to see what the reaction to a deal might be on the UK side. It... didn't go well. Which is the fear of those on the EU side - that Johnson has talked up sovereignty too far for reasonable compromise.
I might be on some media or other later today talking about my favourite christmas reci.... if only. Depending on how many updates there have been since I might be optimistic or pessimistic, but still on the fence. https://t.co/YVb4oBZLke
Oh yes, 24 days left to the biggest one day change in UK trading terms in history. Just the £2 billion of trade per day at stake. https://t.co/NEdPJzysvZ
Picture for those who were missing their Brexit flowcharts. From what I can see (and Jon also suggests) today has the right elements for final deal choreography with Gove in Brussels, and quite possibly also therefore a no-deal announcement. https://t.co/KunRWGig4x
Has always been my belief. Though rather raises the issue of only listening to those who won't challenge your views. https://t.co/KdM68PKsif
Right. If today ends with a statement saying the PM and vdL are going to make another last effort to reach a deal after all of this I think the Brexit watchers finally have to stage an intervention. https://t.co/aUIhkJbVMA
Fundamentally UK politics (on all sides, but differently) cannot reconcile leaving the EU but still being in Europe. Listen to Norwegian, Swiss, or Turkish officials. A horrible experience, they say, when you always want to leave the table but can't. https://t.co/U92sZcHKZy
I think we can safely dismiss any Barnier statement on deadlines given the record to date. We're long past the point any agreement can receive proper scrutiny or business be ready to implement it. https://t.co/ai4F7qd53y
UK-EU talks Wednesday deadline latest https://t.co/H2nNksRgTc
On this at least the UK and EU are united, against their own businesses. Nobody, it is clear, is in any kind of hurry.

Because, hey, there are still 16 working days until huge new barriers are erected to the world's second largest trading relationship.

https://t.co/WPX9uOUNiE
The problem again - EU and UK will have to upset some of their domestic constituencies to get a deal. Neither seem prepared to do so. But neither want to walk away either. Stalemate. https://t.co/mSewDGwJRR

More from David Henig

Going to have to disagree with my learned friend here. If anyone moved on level playing field it was the UK, on the principle of a ratchet, or tariffs for divergence which was still being denied midweek. Changing the way in this might be achieved (many options) is insignificant.


It is the same "I move in principle you move in detail" shift we saw with the Northern Ireland protocol last year, when no PM could accept a border between GB and NI suddenly did, just as recently no PM would accept tariffs for divergence and seems to have done.

So, are we at deal yet? No, and it remains far from certain, but better than the gloom of Saturday. I still think the PM wants his ideal where everyone is happy, still hopes if only he can speak to Macron and Merkel he could get it, still to decide.


And even if there is a deal it is now too late for either business to adjust to it, or the EU to ratify it according to normal procedure. In both cases you'd think we'd need an extension, but there is a big shrug on this whole question. Nobody knows.

And so, yet again on Brexit, we wait. In particular, those who actually do the trade, the businesses we rely on, are forced to wait for a formal outcome while preparing as best they can. Let's see what happens.
This potential benefit list from CPTPP is not the longest and is still misleading. Those Malaysian whisky tariffs - emilimated over 15 years (if they don't seek any specific exemption for UK). Those rules of origin benefits? Only apply to import / export to CPTPP countries. https://t.co/9TbheOVhsR


Here's my more realistic take on CPTPP. Economic gains limited, but politically in terms of trade this makes some sort of sense, these are likely allies. DIT doesn't say this, presumably the idea of Australia or Canada as our equal upsets them.


As previously noted agriculture interests in Australia and New Zealand expect us to reach generous agreements in WTO talks and bilaterals before acceding to CPTPP. So this isn't a definite. Oh and Australia wants to know if we'll allow hormone treated beef

Ultimately trade deals are political, and the UK really wants CPTPP as part of the pivot to indo-pacific, and some adherents also hope it forces us to change food laws without having to do it in a US deal (isn't certain if this is the case or not).

If we can accede to CPTPP without having to make changes to domestic laws it is fine. Just shouldn't be our priority, as it does little for services, is geographically remote, and hardly cutting edge on issues like climate change or animal welfare.

More from For later read

the whole point of Dunks was you could go cop them at VIM whenever you wanted for $65. this shit is like having to enter a raffle to buy milk.


like seriously why not make a ton more of them if they're gonna be so sought-after? they land at outlets? so? nike still makes money off that.

the only reason to keep making them so limited is that they KNOW all that matters is the profit on the flip and if they were readily available FEWER people would want them, not more

the whole system is super broken, but it's just gonna go the way it goes, because at this point it all caters to the secondary market. the only reason Nike can sell Jordan 1s for $200 is because the people buying them can flip them for $500

adjusted for inflation, a $65 AJ1 in 1985 is like $160—and modern-day AJ1s are made from cheaper materials in factories staffed by cheaper workers. they don't HAVE to be $200 retail. but the secondary market nuked the whole concept of what sneakers are "worth"

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