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🇬🇧 Brexit & Johnson: show goes on⠀
📉 The EU began preparations for retaliatory measures in the event the British government applied Article 16 on the unilateral withdrawal from certain articles of the Brexit agreement. The pound has updated its annual low.
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Johnson's attempts to renegotiate the Northern Ireland protocol are doomed to failure, and the violation of international agreements will leave Britain out of the right field. The prime minister's rating falls catastrophically, and another congestion of British trucks on the border with France will lead Johnson to resign, and the Laborites to power in early elections.
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France and Germany have come out in favour of the complete abolition of the Brexit agreement, as they consider the current situation to be a gross violation of the principles of the EU-UK trade deal. The EU is fundamentally ready for such a decision and to abolish all customs preferences, but then Britain will have to trade with Europe according to the WTO rules.
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Of course, the EU countries will incur losses, but the visit of the head of the European Commission von der Leyen to Biden confirmed that the United States would never conclude a bilateral trade agreement with Britain without fulfilling the Northern Ireland protocol. After that, the tone of the discussion became more constructive, although the differences in the assessment of the situation remain significant.
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Frost's meeting with European Commissioner Shefkovic on Friday should bring a concrete decision. Otherwise, Britain's economic and reputational losses risk becoming the most destructive in history.
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Profits to y’all!