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I think the thinking is we'd stay in a customs union while trade deals and other issues are ironed out. Once all thats wrapped up we'll leave the customs union and transition to whatever deal is agreed to.
The DUP have threatened to vote down the Budget if the backstop crosses it's blood red lines. Which will either cause the collapse of the Government or May attempting to lead a minority Government.
Oh and Remain Tory MP's (30 or so) are said to be forming a group to rival the ERG and they'll vote down whatever agreement May attempts to put through Parliament if it risks damaging the Economy. It's time to buckle up as things might be about to get a bit wild.
We might not have a choice, if the US blocks us from joining the WTO Government Procurement Agreement ($2 trillion market) then that's a show stopper for trading under WTO rules. We'll find out next week how that one goes. If we are blocked (only takes one member to do so), we'll probably not get it sorted out before March 2019. When we fall out of the agreement as our membership of the EU ends. |
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