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Theresa May's fragile Brexit truce is unlikely to last for long | FT - March 2018 | After months of obfuscation, the British government has come up with a vision for Brexit. Theresa May's government has decided on its preferred "end state" with the EU -- the longer-term relationship for once the UK has formally left the bloc and the transition phase is over. EU negotiators have long complained they do not know what Britain wants. Now they have an answer: a Canada-style trade deal with "managed divergence" in some areas. Image credit: FT By attempting to separate the British economy into sectors where regulations would remain the same, those where it desires some latitude for change and those where it wishes to diverge entirely, the government appears to have gone cherry-picking. Yet this is precisely what the EU27 has consistently said cannot be allowed after a country leaves the bloc. The three-baskets approach would also be the first ever trade deal designed to achieve divergence.
After months of obfuscation, the British government has come up with a vision for Brexit. Theresa May's government has decided on its preferred "end state" with the EU -- the longer-term relationship for once the UK has formally left the bloc and the transition phase is over. EU negotiators have long complained they do not know what Britain wants. Now they have an answer: a Canada-style trade deal with "managed divergence" in some areas.
Image credit: FT
By attempting to separate the British economy into sectors where regulations would remain the same, those where it desires some latitude for change and those where it wishes to diverge entirely, the government appears to have gone cherry-picking. Yet this is precisely what the EU27 has consistently said cannot be allowed after a country leaves the bloc. The three-baskets approach would also be the first ever trade deal designed to achieve divergence.
EU is launching a "veiled power grab" on Irish corporate tax revenue ... a trade-off in Brexit negotiations?
○ Apple pays over the 14.3bn due to Ireland - but the minister again denies that it's owed ○ Barnier adopts conciliatory tone over Ireland | FT - July 20, 2018 | Global Warming - distance between America and Europe is steadily increasing.
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