Brexit: Yippee Ki Yay, Negotiators
- The UK and EU negotiators have agreed a deal on their future trading relationship, broadly along the lines of the compromise we’ve expected for over a year. It should be approved by both parliaments, albeit with the European leg as a belated rubber stamp.- This deal remains a skinny one, focussed on goods, despite the fat legal text. Additional trade frictions are still likely to weigh on growth in 2021 and beyond, although such economic damage is small beer compared to the Covid-related catastrophe.
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