The UK government is now outlining what they are trying to achieve in negotiations with the EU, and frankly I do not see any chance they can get what they want.
Some interesting points:
- Competition and subsidies should not be subject to the final agreement’s dispute resolution mechanism..
Note: I see no way the EU is prepared to exclude such a crucial part from the resolution mechanism.
- A separate agreement on fisheries that would allow for annual negotiations
Note: That would set up a fight over fishing every year.
- An agreement on equivalence on financial services to be decided before the end of June.
Note: Again I do not see how that can work without the UK commit to a long term regulatory environment that mirrors the EU or is in sync with EU regulators, especially in regards to tax havens.