Boris Johnson’s Brexit trade deal with the EU has been branded the worst UK negotiation in at least 40 years by Tony Blair’s former chief of staff and the chief negotiator of the Good Friday Agreement.
Jonathan Powell said that a series of British blunders allowed the EU to get its way “on every major economic point” in the negotiation, while the UK was left with “a few sops” on state aid and the role of the European Court of Justice.
Meanwhile the EU have signed trade deal with China that will offer European businesses increased access to Chinese markets and the prospect of tens of billions of dollars in new Chinese investments into Europe.
The UK, having voted to leave, will not be a part of it or any future deals the EU make as it grows stronger.
As for Brexit, the Prime Minister said there will be non-tariff barriers after the transition period thanks to the deal the UK and the EU struck on Christmas Eve – but trade experts around the world have strongly rejected such a claim.
In promising that there were “no non-tariff barriers” to selling goods after Brexit, he reportedly ignored the tens of millions of customs declarations, health assessments and other checks that businesses will now be responsible for.
A non-tariff barrier is any measure that acts as a barrier to international trade.
These include regulations, which are any rules which dictate how a product can be manufactured, handled, or advertised, and rules of origin, which are rules that require proof of which country goods were produced in.
The cost of all this will be passed on to the consumer in higher prices.
Sir Keir himself criticised the deal for being “too thin”, claiming that it would not protect workers’ rights or sectors such as manufacturing and the creative industries.
He still supported it probably because he is knows financial hard times along with job losses are coming, and by 2024 Labour could win the next General Election, and being a millionaire won’t bother him as is the case with the Brexiteer millionaires.
As for a No Deal, I suspect there was never going to be one since it would probably have destroyed our economy with multinational companies relocating and millions of jobs lost.
It is a risky game played as it is what could happen to the Financial Services in London who generate half the revenue for the Government.
If I was a 25 year old today, I would consider about relocated to mainland Europe offering better career prospects and a future.
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