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 Originally Posted by The Bean Counter
I've not looked that closely at the deal, but I'm assuming its lipstick on the pig that was the Theresa May deal?
It's better than No Deal which would have been a complete disaster. It's only a partial disaster.
Nothing for free trade of services, which is why all the EU money is leaving London. That's the biggest hit, unless you think London being too prosperous compared to the rest of the country is a problem that needs redressing. This is one way to do that.
Free trade of goods, but with customs checks and paperwork added on, so basically everything coming in and going out is delayed and effectively "taxed" through increased bureaucracy. And obviously all the just-in-time shipments are going to have to re-jigged, with the exception of perishables which either will have to be sold locally or dumped on the Westminster lawn.
Also, some stupid rule about VAT having to be paid on exports by the receiver, with documentation, or something stupid like that which makes it even more of a pain in the ass to import from the UK to the EU.
Level playing field means we don't have to live by EU rules (#MESA), except if we want to keep trading with them.
Hard border between Eng/Sc/Wales and NI, so NI is effectively in the EU and out of the UK as far as trade goes.
Some long-term recovery of fishing rights but nowhere to sell them outside of the UK so definitely good for fish stocks. Shipping the fish to China instead probably isn't going to be a viable option.
Last-minute deal means gov't couldn't give detailed advice on post-Brexit trade to businesses (because they didn't know themselves if/what the Deal would be), so basically told companies to figure it out for themselves. So extra costs for having to do that.
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