The framing of this big issue remaining in UK-EU talks is clearly important. We hear that the EU has dropped dynamic alignment or the ratchet but they were only partially formed devices to enforce the main issue, future proofing fair competition clauses. https://twitter.com/remkorteweg/status/1338146073655840768

If (a big if) the overnight movement was the UK in principle finally accepting fair competition clauses could be future proofed, then the challenge for the EU is proposing a form of words (the EU is demandeur so their job) acceptable to their stakeholders and the UK.

The UK might have accepted the principle of future proofed fair competition but reject, under their own domestic pressure, every potential mechanism. Or the EU might not get Member State or European Parliament support if mechanisms seem insufficiently strong or difficult to use.

Novel clauses in a trade agreement like the future proofed fair competition can easily take weeks and months to develop. The EU and UK have days. That's why although keeping talking, and possible breakthrough, are good, we are a long way from deal.

One thing the UK side will be happy about - the EU is being credited by the UK media with moving position. It is noticeable how the EU side is hardly briefing (we know this because when it briefs it leaks). This looks deliberate and positive. But still all to play for, because...

Johnson still to make decision on UK-EU deal.

And we still can't say whether he will go for a deal that upsets hardcore Brexiteers.

So ultimately, we still don't know.

Sorry those who need to know.