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

🚨🚨🚨🇪🇺🇬🇧🚛🚒🇪🇺🇬🇧🚨🚨🚨 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

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


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

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

@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

@michaelgove @MarosSefcovic @MichaelAodhan Now. The Government has earmarked £200m 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

It's OUT! My latest #Brexit Briefing for @FinancialTimes - examining @BorisJohnson
"buy now, pay later" Northern Ireland Protocol, why the EU-UK trust deficit is killing it, how that can be restored - because it needs to work. /1

@BorisJohnson The danger here is that lingering animus over the opportunistic nature Johnson's Faustian bargain - dividing his Kingdom in order to 'get #Brexit done' and win an 80-seat majority - is clouding judgement on both sides of the Channel /2

@BorisJohnson The facts of the Protocol are no less true for Johnson's constant denial of them - that there would be checks, that there really is a trade border that now prevents plants and pets from travelling freely from Bedford to Ballymena as M.Gove reminds us. But these are other facts/3

@BorisJohnson Firstly, NI remains part of UK, even if it is now has EU customs rules.

Secondly, NI remains politically divided and fragile; the Good Friday Agreement is a constant work in progress.

Thirdly, both the EU and the UK agreed to this unsatisfactory arrangement jointly. /4

@BorisJohnson Fourthly, therefore, they have a joint responsibility to make it work because

Fifthly - and most importantly — there is no alternative to it. /5

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So here it is. After the euphoria, the @FinancialTimes @FTMag long read of how @BorisJohnson did his Trade deal with the EU. Tl:dr...not so much “build back better”, more “build back the borders” - stay with me/1.

@FTMag @BorisJohnson The really under-appreciated part of this story is the extent to which the Johnson government, having won its 80 seat majority promising to "Get Brexit Done" then explicitly and actively chose the hardest possible version of #brexit in defiance of commercial interests /2

@FTMag @BorisJohnson Our story begins in January last year when David Frost commenced what Whitehall insiders call a "Star Chamber" process to strip away anything that might be considered more than a "Canada-style" deal - regardless of the fact that UK doesn't trade with EU like Canada! /3

@FTMag @BorisJohnson So what did that mean in practice?

Well, for example leaving EU aviation safety agency (EASA); Chemicals agency (ECHA), not getting a waiver of 'safety and security' declarations for hauliers, not seeking special arrangements for animal products...on and on it goes /4

@FTMag @BorisJohnson Didn't industry object? Well yes it did - but those who yelled too hard found themselves shut out of the door.

Did Whitehall object? Yes it did - Defra and Beis and Treasury all tried at some level to temper the revolutionary fury. But mostly failed. /5

Thread:

Here is a wake up call for those Republicans who believe we're going to take back the House in 2022 and the Presidency in 2024:

You will never win another election in the next 50 years.
The election fraud system perfected by the Democrats and their Deep State agents planted by the Obama cabal was put in place before the 2016 mid term and it is working perfectly.

It worked in 2016 when the GOP lost the House despite Trump being at the height of his popularity and the economy roaring back to life after 8 long years of depression;

It worked in November 2020 when Biden, an elderly man suffering from dementia was declared the winner with 1.5 million more votes than the young, charismatic and energetic Democratic Party political rock star Obama ever had cast for him in both elections he won;

And it worked in 2021 in GA run-offs, after the GOP candidates who were in the lead all day, they got defeated after vote dumps that happened after the counting closed for the day in a repeat of the scenario that happened during the Presidential election.

1. Military Intelligence Contact: . He is confirming X’s sources, Bruce's sources, and other sources reporting that the bond redemption processing finished today Christmas Eve Thu 24 Dec and as of about 1 pm EST all banks in this country and globally started moving fully onto...

2. ... the QFS system in all their operations, as the St Germaine Trust and the Rodriguez Trust start on Christmas Day Fri 25 Dec to pay out very large tranches to the Global Collateral Accounts and UST and other central bank accounts that are free of Deep State control and...

3. ... interference in preparation to release the shotgun liquidity start when T4B is started, his current info matching Bruce's sources, T4B start currently set for approximately next Tue-Wed 29-30 Dec;
. He is confirming Mr. X’s sources saying that 2 separate groups in...

4. ... different geographic locations said that there is expected to be activity on the holiday as well as into the weekend and if so we in T4B will be in great shape soon thereafter next week.
. He is confirming that bond liquidity in bond holder accounts will begin to be...

5. ... released giving account holders 1% to 1.5% access to funds next Mon-Tue 28-29 Dec, & that the bond liquidity release will enable release of trillions in liquidity globally to paymasters to downstream payments to T1-4A as we in T4B get started by some time29-30 Dec;(edited)

Macron on tensions with Russia: “We continue sometimes to fight against an ideology or an organisation that no longer exists with a geopolitical logic that no longer exists and that has continued to fracture Europe.”

And on Nato: “Nobody can tell me that today’s Nato is a structure that, in its foundations, is still pertinent. It was founded to face down the Warsaw Pact. There is no more a Warsaw Pact.”

In other words, the partly confrontational policy of the West towards Russia is anachronistic.

Yet the "geopolitical logic" of today's more confrontational policy towards Russia has nothing to do with the Warsaw Pact or the Cold War. It's not true that the West is caught in anachronistic thinking.

Sanctions and the renewed focus of Nato on territorial defense was a response towards Russian aggression against Ukraine: Putin started a war of aggression against Ukraine and has annexed parts of the country, with over 13.000 people killed.