BC BREXIT
Saved by @Alex1Powell

Quick intro to more analysis later - since Freeports are mentioned in this article worth making the point that it seems to me under the UK-EU deal that if the UK provides subsidies for them, or relaxes labour or environmental rules in them, the EU can take retaliatory action.

 There has never been level playing field content like this in a trade deal. The idea it is any kind of UK win, when the UK's opening position was no enforceable commitments whatsoever, is ridiculous. https://t.co/iXlWqzzrlu
The EU can take retaliatory action against the UK if we weaken labour standards, weaken pretty firm climate change targets, unfairly subsidise, or just in general seem to be out of line. There are processes to follow, but it looks like the PM did it again...
Final one for now. Quite how Labour gets itself in such a fuss about whether to support a deal with the strongest labour and environment commitments ever seen in a trade deal is a sign of just how far it hasn't moved on from leaving.
PS well... (sorry DAG). It certainly didn't have a good effect. And I think if we had settled LPF issues with the EU much earlier there is a good chance the conditions would have been far less stringent. By making an issue, we made it much worse. https://t.co/M4MYbjSbK3
Interesting... https://t.co/V4DimjmVPm
Oh, here's the text. Have a quick flick through it, be astonished at the dull legalese, wait for specialist takes. Well that's my plan anyway... https://t.co/sOAyoi5AKJ
So the UK signed up for ECJ as well, in a, shall we say, limited and specific way. Inevitable I think, but a powerful precedent. https://t.co/FEDCYJIWMM
I am incidentally very much looking forward to distinguishing between those in the ERG who drop their principled objections to follow the prevailing political wind (true followers of Johnson?) and those who note that Johnson never saw a UK red line he wasn't prepared to relax.
Rules of origin quotas. Catnip for @SamuelMarcLowe. https://t.co/3zVyDilYbC
Most of the year has actually been internal negotiations within parties, the crucial bit that the media misses. And in the UK the need for a deal to safeguard car manufacturing in the short term seems to have won in the end. https://t.co/YgahmntPQ0
This is the Brussels Effect.

(Incidentally I'm reading as well, but copying the best points I see from others). https://t.co/BsJQU3sJWP
Absolutely this (from a former negotiator). My evolving conclusion is that a UK failure to reach a realistic internal position sufficiently early on LPF and fish in particular has meant ending up with a worse deal than expected in these areas. https://t.co/sww9JNejEj
On even simpler, talking tough to the domestic gallery when competing with a very experienced trade superpower is a very poor negotiating strategy, particularly if your leader has form for folding when the going gets tough.
Alternate view. https://t.co/MNsl46xkV5
And more worth considering, especially in comparison to Conservative MPs with their Number 10 briefs claiming improbably the opposite. https://t.co/rgenUqwGmv
A weak deal for UK agricultural exporters in terms of checks. https://t.co/rJsp413oRK

More from David Henig

David Henig
David Henig
@DavidHenigUK
Breathless accounts of brilliant negotiating are oddly unaccompanied by statements of UK wins.

Twice the PM has signed up to deals he previously said no PM could sign up for. The level of self-deception in turning these into triumphs is off the scale.

A wise man has suggested that Johnson's self delusions are good for the UK in the way he folds under EU pressure but denies it - that this actually delivers the best result.

But it doesn't do much for the country's politcal debate to have such delusions at the heart of the most important economic relationship. And they don't have such delusions in Belfast.

Perhaps it is the way of UK politics that no leader can be seen to be pro-EU, that the UK must be seen to be bigger than the EU, even though the UK is obviously smaller and needs the EU for trade.
BREXIT
David Henig
David Henig
@DavidHenigUK
So many stories of new barriers to trade between UK and EU, but you might be thinking at some point these will run out. The government is certainly hoping so. Well they may slow down, but trade relations and regulations are not static, and changes will lead to further problems.

The likelihood of continued trade problems for a £650 bn trade relationship is why there should be a huge cross-government effort led by the Foreign Office and Department for International Trade to put in place the necessary resources to seek best results.

There isn't.

So the UK's relationship with the EU currently consists of two not particularly good deals and no consistent effort to manage current problems or prevent future ones. Joint committees are a second order problem to putting in place the right internal structures.

But that's been the consistent UK problem in relations with the EU since 2016. Lack of focus on getting the right internal structures, people, asks, strategy, too much attention on being tough and a single leader.

News just in. This doesn't necessarily mean the right structure being put into UK-EU relations. I suspect Frost's main role is to ensure no renegotiations with the EU.

Also, wonder what this says about the PM's trust in Michael Gove?
BREXIT
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David Henig
David Henig
@DavidHenigUK
Today's UK-EU trade deal reflection - what is rarely stated in discussions about the deal's shortcomings is that they reflect UK government policy choices - in particular that control of immigration and a US trade deal are a higher priority than an EU deal.

Thus, why was it not a UK government priority to secure for UK musicians the rights to tour the EU? Because that would probably have required a reciprocal right to be given to those in the EU, which we didn't want to give. Choice.

Meanwhile why did the UK government not seek or secure a reduction in food inspections for GB products going to the EU? Because that would probably have required fixing food regulations in a way that might have been an obstacle to a US trade deal.

Works the other way as well. Why did the EU refuse UK requests on mutual recognition of industrial testing? In part at least because of UK lack of commitment on maintaining the previous EU system of standards and conformity assessment which might be a problem in a US deal.

One of the strangest opinions in the London politics bubble is that the UK government isn't that bothered about a US trade deal, as it so obviously goes against the evidence. There might be domestic opposition, but this was to be Brexit Dividend Number 1.
BREXIT
David Henig
David Henig
@DavidHenigUK
So, deal or no-deal? I'm afraid it looks gloomy. Too many outstanding issues, a political context that is not conducive to compromise, and a tunnel leaking like mad. Quite possibly forming between them a vicious cycle. So, is this it? I suspect not... 1/n

Recall, this UK-EU negotiation is attempting to put in place an agreement unusually extensive (haulage, aviation, security, as well as trade) in a record timescale (9 months start to implementation) at a time of pandemic. That was always optimistic. 2/

A process driven EU against a naive yet overconfident UK in a short timeframe was also never going to be easy. In particular the UK's sole evident negotiating strategy, to say we'll walk away, is still in overdrive, making compromise harder. 3/

On the up side the UK has been inching slowly away from the purist notions of sovereignty which would prevent any deal towards a more realistic haggle over details, but possibly too late to resolve them, barring unexpected deep late concessions from either side. 4/

Geography isn't changing, and trading more with neighbours isn't either. Virtually all countries in the world have deals with their neighbours. It is unrealistic for the UK to be the sole developed country exception. Even if it takes a while. 5/
POLITICS
David Henig
David Henig
@DavidHenigUK
Not the easiest to follow, but for those interested in the big picture of trade relations between US, EU and China this exchange between @alanbeattie and @IanaDreyer is an essential read. Real debate on key issues, and good points on both sides.


Also reading this from @gideonrachman on EU-China. My view (cynically?) - that EU-China is a deal that makes a lot of sense given a probably unresolvable trade policy superpower triangle with the US, and best for the EU to move while China will.

The US and EU roughly agree on China that it should do some things differently, but not really the details of what those are. Meanwhile the EU and US have long standing trade policy differences, which neither (or their key stakeholders) prioritise resolving.

For the EU, the China deal has sent a message to the new US administration, you can't just tell us what to do. And delivered some (probably marginal in reality) benefits to business. For China, this is the 3rd deal with EU or US in 12 months. Pretty clear strategy there.

The key assumption that lies at the heart of too much writing on EU-US relations is that the two should cooperate on trade. After 25 years of largely failing to do so, I'd suggest we might want to question that a bit more deeply.
ECONOMY

More from Brexit

George Riddell
George Riddell
@GeorgeMRiddell
1/ Quick thread. At the end of the third week of Brexit being "done", I can only say that I'm exhausted.

Immediate pressures on companies who have been trading goods have been on grappling with all of the new customs and regulatory requirements.


2/ It's clear that agrifood businesses have been the hardest hit due to the SPS checks and other requirements.

But for others, the shift from a distributor model to importer/exporter has been a challenge. This hasn't been helped by certain IT system not working as planned.

3/ So are these "teething problems"? Companies are grappling with the new systems & formalities.

Some are, but many others aren't.

Worth noting that freight volumes are still below average. But stockpiles are running low, coming weeks are going to be interesting.

4/ Two issues that are immediately facing many businesses that won't be addressed by sorting this teething period.

First, many businesses are facing the largest shift in their cost base in a generation.

5/ This comes from the cost of dealing with the customs procedures, upgrading IT systems to manage the new requirements, setting up European operating centres to comply with regulatory requirements, new immigration costs, the list goes on.
BREXIT , BREXIT
Tony Connelly
Tony Connelly
@tconnellyRTE
BREAKING: The EU’s chief negotiator has told MEPs that negotiations on a post-Brexit deal could continue until Wednesday but no further.

2/ According to sources present, Michel Barnier also warned the UK that a deal would not be approved by member states if it pressed ahead with passing the Internal Market and the Finance Bills into law.

3/ He told the European Parliament’s Brexit coordination committee this morning that US President Elect Joe Biden was also “sensitive” to any impact of UK law on the Good Friday Agreement.

4/ Mr Barnier told MEPs the talks were in the “endgame” and that there would have to be a decision on whether or not there was to be an agreement by Thursday.

5/ He said if there was no deal then the European Commission would be ready “to react immediately” with contingency plans, according to sources present.
BREXIT
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Robert Peston
Robert Peston
@Peston
The important difference between AstraZeneca's relationship with the UK and with the EU, and the reason it has fallen behind schedule on 50m vaccine doses promised to the EU, is that the UK agreed the deal with AZ a full three months before the EU did - which gave...

AZ an extra three months to sort out manufacturing and supply problems relating to the UK contract (there were plenty of problems). Here is the important timeline. In May AZ reached agreement with Oxford and the UK government to make and supply the vaccine. In fact Oxford...

had already started work on the supply chain. The following month AZ reached a preliminary agreement with Germany, the Netherlands, France and Italy, a group known as the Inclusive Vaccine Alliance, based on the agreement with the UK. The announcement was 13 June. BUT the EU...

insisted that the Inclusive Vaccine Alliance could not formalise the deal. The European Commission insisted it should take over the contract negotiations on behalf of the whole EU. So were another two months of talks and the contract was not signed till the end of August...

What is frustrating for AZ is that the extra talks with the European Commission led to no material changes to the contract, but wasted time on making arrangements to make the vaccine with partner sites. The yield at these partner sites has been lower than expected. The problem...
BREXIT , EU
Bloke From Barnsley #Is #Sisu
Bloke From Barnsley #I...
@nickynoo007
1. It surprises me that on the whole pro Europeans on Twitter view themselves as pragmatists, who rely on evidence to form their opinion.
In fact a long running joke in our 'group' is that Brexit will be a roaring success, if we all just believe hard it will be a roaring success.

2. The last couple of weeks have made it clearer than ever that blind belief that is impervious to evidence and facts is not a leave/remain thing. It's a human thing

3. I was accused of lying and hounding a 'vulnerable' person off Twitter. When the victims of that 'vulnerable' got the same treatment, it became necessary to take action.

4. So I gathered evidence (not all, but enough) and wrote a blog with contributions from several others. Then the blog was checked by experts to ensure that it was neither libellous (to protect authors) or a risk to any possible legal action (to protect victims).

5. I naively thought that would put an end to the false accusations and trolling.
Since publishing I've been accused of having called the "vulnerable' person and threatened members of their family, forcing them to confess to the police
BREXIT
Steve Brain MCCT \U0001f980\U0001f3e5 \U0001f499
Steve Brain MCCT 🦀🏥 💙...
@StephenBrain
Just read @MarinaHyde's recent piece. The list of fuck ups is endless, I can't honestly begin to say how sad my own country and government have made me. From the covid deaths, bungled exams and lack of ppe (remember that?) To brexit and fishing rights. My colleague voted for ...

...brexit 'for the fisherman', I would how they feel about it now? An ex-colleague of mine, life long Labour voter, said she wouldn't vote for Corbyn "because he is scruffy" and said, of the early Corona stages, "at least Corby's not in power". I wonder if she still thinks that?.

I bet he wouldn't have spaffed £22Bn up the wall of a failed test and trace system. It has become more and more clear that this regime is only interested in turning a profit. From the failed track and trace system through free school meals to the contracts for cunts, where Tories

give their mates contracts even though they have literally no experience of procuring the goods required, like Hancock's pal getting the test tube contract, which, by the way, were useless, splitting at the bottom when you tried to seal them so that they spilled their contents.

They then have their mouthpieces like Julia H-B and Toby Young. Young's father must be spinning so fast in his grave he could become part of Elon Musk's Boring Company. They spit contempt at desperate researchers and doctors who are trying to save lives. So now we have a higher..
BREXIT

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SRI KUMARIAMMAN, KANYAKUMARI (TN)
#bharatmandir #navratri2021

Created by Maharshi Parasurama and also one among the 108 Shakthi Peethas in the world. The name Kanyakumari stands for Kanya(Virgin) and Kumari(girl).
Devi took this form to vanquish the demon Banasura
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Once, Banasura(grand son of Mahabali) obtained a boon from Shiva that he could be vanquished only by a virgin.
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Thread: History of Mogadishu and it’s conquest by Imaam Al Yaqubi


One of the First Imaams of the Hiraab Imamate was Mohamed Ibn Imaam Ahmed ibn Imam Ahmed Ibn Imaam Mohamoud Ibn Imaam Cumar Halol Al Yacquubi (Abgaal) during the year 1097 hijri.


After the collapse of the Ajuuran Abgaal nomads from the interior had started moving to take over the strategic port town of Mogadishu which was then under the muzzafar dynasty. By the 1600s Abgaal warriors had captured the city and set up their base in shingaani.


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@ChenHuailun here. I'm adding a supplementary thread before today's scheduled one to expand on the origins and early history of the Church of the East (aka the Nestorian Church) ~ahc #jingjiao 1/


The Church of the East traces its origins to the christological position of the School of Antioch, which held that the human and divine and human essences (ουσία) of Christ were united in a single prosopon (πρόσωπον). ~ahc #jingjiao 2/


This ran against the position of the School of Alexandria, which held that the two essences of Christ were united in a single hypostasis (ὑπόστασις). In general terms, hypostasis is more inherent than prosopon. ~ahc #jingjiao 3/


One implication of the Antiochene rejection of the hypostatic union is that Mary could not accurately be called the Theotokos, or God-bearer. Instead, she is the Christotokos, the Christ-bearer. ~ahc #jingjiao 4/


These Christological debates were further complicated by Syriac terms such as 'kyana' (ܟܝܢܐ), associated with 'ousia' but later translated to 'hypostasis' by Syrian Orthodox; and 'qnoma ' (ܩܢܘܡܐ), sometimes contentiously translated as 'hypostasis' or 'person.' ~ahc #jingjiao 5/
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#TodayInHistory Ram Prasad Bismil,Ashfaqullah Khan and Roshan Singh are hanged in 1927, as they give up their life for the cause of freedom and inspire many a revolutionary. #LestWeForget


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Ashfaqullah Khan was born at the turn of the 20th century on October 22, while Bismil was born 3 years earlier on June 11, in the same town. Both of them were excellent writers in Urdu and Hindi.

Both of them would come together under the Hindustan Republican Association, not to mention the fact that Ashfaq was an admirer of Bismil’s poetry, and became close friends with him on that account.

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1/ Someone emailed me asking how to break into VC, so I wanted to answer on Twitter where others could see and contribute to the conversation.

2/ “Being a VC” can mean a lot of different things, so it’s worth asking:

What actual activities do you want to do?

- Deep market analysis?
- Be in the flow of information and people?
- Make deals?
- Work closely w/ founders over time (e.g take board seats?)
- Manage capital?

3/ It’s worth specifying what type of VC you might like to become — as there are different archetypes. E.g.

- Benchmark (Lead series A/B - couple investments a year)
- First Round (Lead seed rounds, partner w/ a few companies a year)
- SV Angel (Make lots of seed investments)

4/ Continued:

Expa - Incubate companies

YC / Village Global - Build a platform to help entrepreneurs at scale

Do you want to join a firm or start one? There’s a lot to consider.

Different paths will require different skillsets & sets of experiences.

5/ Since the person who wrote the email is a young person trying to break into VC by joining a firm (and who doesn’t want to start a company), I’ll tailor this tweet storm to that goal. There’s some overlap.
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