This is why no trade deal is now the likeliest outcome. Because the EU certainly isn't going to give into blackmail. So if the UK won't back down, that's it. We'll just have to hope those tech companies make up for the other losses of e.g. the car industry. https://twitter.com/JasonGroves1/status/1304082740455911426
Quite the achievement to have this level of condemnation from both the EU and US on the same day. And yes, Pelosi has this power, and in this case would use it. The UK government has found an even tighter corner than was previously thought possible. https://twitter.com/robertmooreitv/status/1304083512602120192
The money markets as well. Not suprisingly. https://twitter.com/DarrenEuronews/status/1304085246468653061
And now the UK's credit rating and the status of the pound under threat. Oh, and another well known liberal, Lord Lamont, has attacked the government's plans. https://twitter.com/bondvigilantes/status/1304093702323871745
I think the odds on a government u-turn, camouflaged or not, are not trivial. The bill as it stands cannot get through the Lords, and the damage to the UK's international standing is growing by the hour. https://twitter.com/PickardJE/status/1304095810695704576
Incidentally, not the most serious issue, but in the court of non-biased domestic and international opinion, the UK just made itself to blame for failing to reach a deal. Anything the EU may have done badly pales besides a legal opinion saying Parliament can break treaties.
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