JOHNSON WINS THE FIRST BATTLE ON THE “ILLEGAL” LAW. Europe will have to fold
Prime Minister Boris Johnson effectively set Britain on the path to an "Australian-style" trade deal with the EU after his "Intermarket Bill", which was harshly attacked by the Union and even a minority of British conservatives ,
The move opened the door to a messy exit from the EU for Britain, while also increasing the possibility that a physical border could revert to separate Northern Ireland from the Republic of Ireland (an EU member state). Many fear it could lead to a resurgence of sectarian violence in a return to "trouble".
At this point the EU could really abandon the talks, which were blocked in any case, with London, and thus pave the way for the famous Hard Brexit and a no-deal exit that puts all trade rules in the hands of the rules of the WTO, which, however , provide for very low duties, of the order of 7% maximum. taxes that would, however, be applied to the Union's enormous trade surplus.
BREAKING: MPs vote for the Internal Market Bill to progress to next stage, despite concerns it could break international law.
AYEs 340
NOEs 263Seems there were a fair few abstentions – suggests there may be a closer fight over next week's amendments.
– Paul Brand (@PaulBrandITV) September 14, 2020
Thanks to our Telegram channel you can stay updated on the publication of new articles of Economic Scenarios.
Article JOHNSON WINS THE FIRST BATTLE OVER THE “ILLEGAL” LAW. Europe will have to fold comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/johnson-vince-la-prima-battaglia-sulla-legge-illegale-leuropa-dovra-piegarsi/ on Tue, 15 Sep 2020 07:00:20 +0000.