Draft legislation to implement the UK-EU deal now published

A few quick thoughts (although very much first

It seems like the bill contains a mix of some of the options outlined in our @instituteforgov explainer on UK ratification

https://t.co/WUa3MSkABL
Clause 29 seems to be a catch all clause - so existing domestic law is treated as subject to the UK-EU deal where it has not been specifically amended to implement it (where this is required) (more from @ProfMarkElliott
https://t.co/FEBrdG09Cy)
Also seem to be separate provisions for the social security coordination protocol to form part of domestic law (clause 26)
Clause 31 includes a general implementating power (a big Henry VIII power, that allows the use of secondary legislation to do anything an act of parliament could do). Seems to be affirmative. Exercisable by gov and also devolved administrations. Inevitable given short time.
Also lots of other powers throughout the bill - e.g. amending the Customs and Excise Management Act 1979 to give the government powers to make regulations about movement of goods
As well as some provisions on the face of the bill that change UK law implement aspects of the deal - e.g. on extradition and road haulage
The bill overrides the usual CRAG parliamentary pre-ratification process - so this will not apply to the UK-EU treaty. So the bill is the only (proxy) vote MPs and peers will have on the treaty itself.

At this stage- is ultimately take it or leave it for parliament...
Which is a pretty poor state of affairs - but given timing and nature of negotiations, was always going to be the case.

Raises big questions about the role parliament should have in scrutinising FTAs in future - e.g. more role in setting mandate/ reviewing as negotiations go...
Doesn't seem to be anything specific on new state aid role likely for the Competition and Markets Authority (where provisions in primary legislation might have been expected)

More from Trading

1/ Feels like a good time to tell the story of how I went from broke to a millionaire to broke again in 2017/18 again...

Yesterday was brutal for some people...

Losing life-changing money sucks, losing any money sucks...you can chase the market or you can change your strategy.

2/ The original thread is gone but you can read it here.

https://t.co/cLLNs75rB0

tl;dr
- Traded $32k to $1.2m
- Thought I was a genius
- Made poor investments
- Didn't conserve capital
- Peaked at 150 BTC
- Lost nearly all of it

2 weeks from losing my house + no income. Oops.

3/ I am going to assume you are in it for the money rather than the tech. Yeah, you might Tweet about the amazing blockchaining of cross-border payments and oracles yadda yadda...really, you are in it to make money.

If you are really in it for the tech, go and build something.

4/ Okay, so if you want to make money, trading is super hard, you are trading against:
- Better traders than you
- People who can move markets
- Unknown information

And if you are trading with leverage you might blow up your account with the volatility.

5/ If you are not trading, you are investing. Okay, so what are you investing in?

I made the decision that the crypto with the best opportunity of existing in 10 years is #Bitcoin:
- Solves a genuine problem
- The right tech
- A proven track record

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