Friday, December 25, 2020

Brexit trade deal

There is a contradiction at the heart of the deal. In the outline of the deal that has been made available -- not the deal itself -- there are several references to how what has been agreed between the UK and the EU is better than in any other trade deal.

Which may be true.

In which case, the challenge of Brexit becomes even clearer. Because, if this deal is so much deeper than any other trade deal out there, then it's going to be impossible for the UK to conclude a trade deal with another partner which compensates for the market access that it has lost by leaving the Single Market and switching to a free trade deal -- as good as it is - with the EU. 

What other country or regional club, without the history of close integration with the UK, will be willing to grant a similar deal? 

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