Email of the day - on Brexit In Name Only (BRINO)
Comment of the Day

November 18 2019

Commentary by Eoin Treacy

Email of the day - on Brexit In Name Only (BRINO)

Your recent comments that Boris Johnson's Brexit is really a BRINO have left me a bit puzzled. It's true that it's not the best deal, but to characterise it as worse than Theresa May's as some have done seems to me to be wide of the mark. Given the constraints of parliament, deadlines and Ireland - to mention just three - it seems to me that it's pretty good. 

I show a link below from an article by Martin Howe QC who is an informed commentator on Brexit and Chair of Lawyers for Britain. In it, he argues the case that it's not a bad deal which I think is well made. But it all rests on the Conservatives getting a good majority.

As always, thanks for your invaluable commentary and insights.

Eoin Treacy's view

The conditions of the transition agreement are the UK will honour all of its financial commitments with the EU and will not adjust tariffs and regulations to compete directly with the EU. That deal is due to expire at the end of 2020, because when it was originally negotiated there was about two years to run. Instead it is more likely there will be 11 months to negotiate a trade agreement by the time the deal is potentially approved by Parliament following the election. That is of course assuming the Conservatives win re-election with a working majority.

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