Today was the day of the Plan B vote – here’s the gist of it –
There seem to be three fundamentals to the plan:
- The extension of the implementation period to 2021
- Technological solutions to ensure no border infrastructure requirements on the island of Ireland
- An interim free trade agreement to be tabled immediately
This has been termed a “triple-lock”.
The only problem is – reopening negotiations with the EU is simply not on the table from the EU side. As Matt Frei of Channel 4 news put it, without a backstop there could be the concern that an open access on the island of Ireland would leave it open to British business to trade goods which have come in on low tarrifs from around the world through Ireland and into Mainland Europe for sale to EU customers. Therefore it is out of the question, regardless of the short-term consequences of no deal, for the EU to accede on the Irish question.
While Mairead McGuinness has done a great interview tonight with Channel 4 saying that while last week, everyone was glued to the goings on in Westminster, no-one was watching the live events today. Everyone is over it.
Simply put – it doesn’t actually matter what these guys are saying or doing – it’s still going to be the same outcome (when this interview is available it will be linked). Meanwhile this interview from yesterday sets out the same points – as if with one voice.
One body which was watching however were the currency traders, and the pound plummeted when an Yvette Cooper amendment to request an extension to Article 50 was defeated. Yet still the Eurpean Research Group is sticking to it’s guns and no-deal is more likely than ever tonight.
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