Brexit negotiations down to the wire
Murtaza Jaffer
Press TV, London
A deal is imminent! These are the latest murmurings to leak from the Brexit negotiations between the United Kingdom and the European Union. As we approach the 11th hour, differences remain, but the reality of the circumstances are becoming ever clearer.
If progress is made, all 27 member states have to agree and ratify the deal in the European Parliament. France however has been very vocal, if the deal does not suit them they will veto the agreement and send both sides into a no deal outcome.
While many see such sentiments as negotiating tactics, some believe France wants a no deal outcome. Economically they will be affected but it will be the UK that will feel the impact the hardest. France still has free trade with Europe and all the nations that have trade agreements with the union. The UK however will be limited to world trade organization tariffs.
In this way a no deal outcome gives France the opportunity to fill the void left by the UK who will find themselves increasingly isolated.
A no deal can also lead to the breakup of the United Kingdom. This will significantly impact the global standing of Westminster who have recently been overtaken by India in the global order of world economies.
Economic forecasts put the UK at the bottom of the G7 with the pandemic having impacted the UK economy more than its neighbors. In this vein a deal that will protect jobs and livelihoods is now more vital than sentiment and ideology.
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