The Intelligence from The Economist Isle talk to EU later: a vote on a scant Brexit deal
Dec 30, 2020
John Peete, the Brexit editor for The Economist, brings his expertise to the forefront as Britain’s parliament votes on a crucial post-Brexit trade deal. He discusses the complexities this deal entails, especially regarding financial services and data transfers, and the ongoing implications for the UK's economy. The conversation also covers The Economist’s 'Country of the Year' decision, celebrating Malawi's democratic strides, while reflecting on New Zealand and Taiwan's impressive COVID-19 responses. Insights into the enduring nature of Brexit negotiations and the political climate are also highlighted.
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Brexit Deal Compromises
- The UK and EU reached a post-Brexit trade deal, avoiding a no-deal scenario.
- The deal requires compromises from both sides, especially regarding fisheries and anti-competition rules.
Brexit: An Ongoing Relationship
- While the Brexit deal marks a significant step, the UK's relationship with the EU is ongoing.
- The EU remains Britain's largest trading partner, necessitating continued negotiations.
Post-Brexit UK Prospects
- The Brexit deal will likely negatively impact the UK's GDP, but the extent depends on domestic policies.
- The government's focus on regulatory frameworks and areas like housing will be crucial.