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I do genuinely believe that something like Robert's Peston's scenario is a credible one, ie that the deal offered to the UK will be unacceptable to Parliament but that we'll negotiate a transition period that will go on for some time. |
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---------- Post added at 08:03 ---------- Previous post was at 07:59 ---------- Quote:
Incidentally, the 'transition period' will actually be an 'implementation period' because we will already have left the EU by 2019. If there is nothing to implement because there's no deal, we would be out, and that's that. ---------- Post added at 08:05 ---------- Previous post was at 08:03 ---------- Quote:
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Re: Brexit discussion
In news that may annoy Brextremists like Rees-Mogg, the Government will today publish its future contribution payments to the EU. It will also reiterate that there will be no Brexit dividend; payments that would have gone to the EU will now fund equivalent UK bodies and extra money may be needed if by any chance we are allowed to have associate membership of EU regulatory bodies such as the one for medicines.
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The biggest advantage for the UK will be increased trade with the rest of the world. That's the dividend I'm interested in. |
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As it happens, the government has pledged to continue paying various grants for an interim period in line with payments currently paid by the EU (eg agricultural grants to farmers) so that money was never going to be available straight away anyhow. |
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https://news.sky.com/story/remain-ca...-cost-11260978 |
Re: Brexit discussion
So, a few things came out today:
1) There will not be a Brexit dividend. After 15 years, annual net borrowing would be around £20bn higher under the EEA option, almost £60bn higher under the free trade agreement option and more than £80bn higher under the WTO option. 2) Free trade deals with new countries will have minimal benefit as these tariffs are already low. It is the non-tariff rules and regulations which are the issue and free trade deals do not solve these. 3) Tusk is prioritising the Irish border issue but not solving this won't be a requirement of a transition deal. I still think this form of "purgatory" is where we'll be for a long time. https://www.parliament.uk/business/c...blished-17-19/ |
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May warned there must be an 'Ireland first' approach to Brexit talks
https://news.sky.com/story/may-warne...talks-11281755 |
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