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Taxation bill to reduce carbon emissions, boost green economy: govt
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Opposition walks out as government brings in Bills without notice in Rajya Sabha
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th, 2020
This week began with claims a Deal would be concluded by Monday, but as expected, the supposed deadline for getting a Deal came and went – just like all those before. If anything, things have gone backwards!
The United Kingdom’s Chief Brexit Negotiator, Lord Frost, has claimed the European Union has recently introduced several last-minute proposals on both fishing and State Aid which had already been ruled out early in negotiations. Included in these were demands for the EU’s COVID-19 Recovery Fund to be exempt from any ‘Level Playing Field’ restrictions, but they are now also insisting the UK’s own COVID-19 recovery package should be fully regulated and restricted by the European Court of Justice – NO Chance!
Dec. 11: We think that a United Kingdom–European Union trade deal narrowly remains the most likely outcome of [Brexit] talks, but time is not on anyone’s side. A deal would unlock some modest upside for sterling, but a lack of risk premium means there is potential for plenty more downside should talks end without an agreement. In short:
The issues Fishing is unlikely to be the issue that derails talks; a level playing field, and how to govern the deal, remain thornier issues. The decision Negotiators themselves probably don’t hold the key to a deal now. The EU is unlikely to meaningfully shift its stance, and the political decision in London hinges on a wide range of factors. We still think a deal is narrowly more likely than not.