Interestingly:
In a no deal scenario, a hard border would be needed in Ireland.
The USA has already said that is unacceptable and would not agree a FTA.
The new deal:
Article 184 of the withdrawal act still commits both sides to “use their best endeavours, in good faith” to deliver the intentions of the Political Declaration.
Clause 77 of the political declaration is the 'level playing field'
commitment to "open and fair competition, encompassing robust commitments to ensure a level playing field." But it goes even further: “Given the Union and the United Kingdom's geographic proximity and economic interdependence, the future relationship must ensure open and fair competition, encompassing robust commitments to ensure a level playing field.” In scope are matters such as state aid, competition, social and employment standards, environment and climate change, and tax
In short, the if the UK wants a decent EU FTA, it cant diverge much from its exiting tariffs, standards and taxes. Which effectively rules out 'Singapore light'. Unless a UK PM thinks the UK economy can cope with losing £280b of EU trade in exchange for unknown FTA elsewhere.
labour rights and environmental regulations arent set in law and that will make it hard for Labour floating MPs to support
In a no deal scenario, a hard border would be needed in Ireland.
The USA has already said that is unacceptable and would not agree a FTA.
The new deal:
Article 184 of the withdrawal act still commits both sides to “use their best endeavours, in good faith” to deliver the intentions of the Political Declaration.
Clause 77 of the political declaration is the 'level playing field'
commitment to "open and fair competition, encompassing robust commitments to ensure a level playing field." But it goes even further: “Given the Union and the United Kingdom's geographic proximity and economic interdependence, the future relationship must ensure open and fair competition, encompassing robust commitments to ensure a level playing field.” In scope are matters such as state aid, competition, social and employment standards, environment and climate change, and tax
In short, the if the UK wants a decent EU FTA, it cant diverge much from its exiting tariffs, standards and taxes. Which effectively rules out 'Singapore light'. Unless a UK PM thinks the UK economy can cope with losing £280b of EU trade in exchange for unknown FTA elsewhere.
labour rights and environmental regulations arent set in law and that will make it hard for Labour floating MPs to support