For the first time I haven't been celebrating the dawn of a New Year, although I did raise a glass and say 'good riddance' to 2020. Along with the pandemic disruption, we are also living through our final parting with the European Union as we welcome in a year of hope.
- RIP Debenhams after 242 years and Goodbye Arcadia. 25,000 employees lose their jobs, the final two in a long list of High Street retailers who closed for the last time in 2020.
- UK becomes the first country to authorise use of the Pfizer BioNTech vaccine, with almost one million doses already administered in December. On December 30th, the UK authorised the use of the Oxford/Astrazeneca vaccine, which is likely to be a game changer on a global scale. It is cheap (produced at cost of £2-£3) and can be stored in a regular fridge for up to 6 months making its roll out much easier at GP's practices, in Care Homes, rural communities and in less developed countries.
Saving the World |
Johnson and his bunch of clowns have made more U Turns that Jeremy Clarkson |
"What I think businesses large and small want to see is certainty about the arrangements we can deliver."
"And the thing about the deal we've got ready-to-go is it does protect the supply chains, it keeps them intact, it makes sure we have complete equivalence when it comes to our standards, our industrial requirements and all the rest of it."
Brexit Deal Struck on Christmas Eve and we have finally left the EU agreements today
Having been sold an 'Oven-Ready' Brexit Deal by Johnson, the negotiations went right down to the wire as expected. Finally, on Christmas Eve, both sides announced they had reached a deal and got everything they wanted. Here are some of the key points:
On Trade, there will continue to be free trade on goods (but not on services which represent 80% of UK GDP), but there will be customs paperwork to be completed from Jan 1st. Professional qualifications (e.g. doctors, nursers, lawyers, architects) no longer recognised.
Remainer View: Paperwork will slow down the passage of goods, increase the costs and make the UK less attractive for trade. Financial services, one of the UK's biggest tax contributors is not covered and its fate is unclear. Our professions will take a hit and may become excluded from EU related work.
Brexiteer View: Our ability to trade more freely with the rest of the world will leave us better off.
On Travel, there will be extra checks for UK passengers into the EU, a limit of 90 days stay per annum and the current EHIC medical cover will expire when your card ends to be replaced by something still undefined. EU pet passports no longer valid and UK mobile phone companies can charge for roaming.
Remainer View: The cost of travel to our neighbours will go up and there will be delays crossing borders for UK passport holders. Inbound tourism will be more difficult.
Brexiteer View: This will enable us to better protect UK borders and keep out undesirables.
On Fishing (0.1% of GDP) if anyone cares, there will be a 25% reduction in EU catch phased in over 5 years to be followed by a new agreement thereafter.
Remainer View: Fishing represents just 0.1% of our GDP yet is has driven the Brexit negotiations. Despite this, UK fishermen don't appear happy with the deal.
Brexiteer View: Taking back control is what we voted for.
EU Court of Justice, Kirchberg, Luxembourg |
The European Court of Justice will no longer rule over the UK.
Remainer View: This may lead to big disputes over 'level-playing field'. The UK can only retain tariff free access to the EU if it abides by similar rules and standards.
Brexiteer View: Taking back control is what we voted for.
On Security, the UK will lose automatic access to key databases and will no longer be a member of Europol. However, some level of co-operation and access will continue.
Remainer View: This will make policing our borders and preventing terrorism harder.
Brexiteer View: Taking back control is what we voted for.
On Education, the UK will no longer participate in the Erasmus programme which allows EU students to study in each other's universities to promote cultural exchange, understanding and learning.
Remainer View: “There will be a relative loss of income for British universities, but from a diplomatic and ambassadorial point of view, the loss is invaluable,” said Sean Hand, the vice president in charge of Europe at the University of Warwick, the second-largest source of Erasmus students from Britain.
Brexiteer View: The UK will set up a new programme named after Alan Turing. In January, Johnson said there was “no threat to the Erasmus scheme.” (Another Boris U-turn).
On Financial Services (7% of GDP), nothing. "Accounting firm EY estimates that more than £1 trillion of assets in the sector has moved from London to the EU since 2016." City AM
What it all really means and how any of us will be impacted by the changes will take years to really understand. But I am sure we will survive, even if we are worse off financially and culturally as a result.
The EU 27 |
Let's start the year with a non political quote:
"Whoever said money can't buy happiness clearly didn't know where to shop" Blair Waldorf, Gossip Girl
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