The neglect of Liverpool by successive UK governments began long before Maastricht.
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A deal is still going to result in a circa 5% fall in GDP. This isn’t the time for Leo.
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Can you pick the odd one out.
I’ll give you a hint, it’s the City Not in the UK.
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Looks very acceptable from a Norwegian POV since it means we have a much superior deal with the EU. Quite important for us that the UK did not get the more important perks of EFTA. This does not infringe on our powers nor our perks, which was an early worry in the negotiations the EU had with the more powerful UK (compared to Norway). It means we don’t have to worry about renegotiation or EU membership and that it will not be a political item for the next decade (which means we can preserve agricultural protectionism, which is good, good, good for us), though to be fair, this has been relatively clear for some time now. But now it looks finalised.
But I have obviously not read the legal document, so can’t comment on details.
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From the thread that @Livvy posted above. The text is by JP Morgan
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Far too early to be drawing any conclusions and the proof will be in the pudding. We’ll need to see it in practice over a few years, particularly where disputes arise
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The deal doesn’t cover Gibraltar, negotiations with Spain still going on.
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That may be slightly tricky. Spain wants Gibraltar back after all and now that the UK is no longer in the union, old wounds may start bleeding again.
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My quick interpretation is that the UK did not negotiate any covered access for the financial sector and has almost none for services in general. Could that possibly be the case? The only note I have seen is deferred that to the future.
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I would say probable. As far as I know France would never have accepted anything down those lines.
If that is really true, GDP impacts are going to be closer to the no-deal projection than most of the deal versions modelled. I think the working assumption for most was that at the end of the day Johnson would throw the fishermen under the bus for the bankers, not the other way around.
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Thread
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5%? Worth every penny.
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@Lowton_Red Can we agree that there seems to be a firm deal here?
Accordingly and in the spirit of Christmas, I’ll send my wager to the Salvation Army anyway. Brain Tumour UK for me.
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Apparently, the EU & UK plan “to put in place a regulatory dialogue on financial services based on a separate memorandum of understanding”.
In other words, there will have to be another, separate deal or deals, as the trade deal just agreed has no provisions for financial services.
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I’m good with that. 
Just to confirm, is this your chosen charity?
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Other than the in-year drop this year, that is the greatest economic shock to hit the UK since 1979.
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I have already said France was already prepared to recompense French Fishermen noway were France going to let financial services take back seat to fishing. They could well have made/allowed concessions over services. The French position as far as I am concerned was written in stone.
Anyone modelling in financial services were/are fools.