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Free AccessPM Sunak In Northern Ireland As Deal w/EU On Protocol Seen In Near Future
UK PM Rishi Sunak is in Belfast, Northern Ireland today to outline to political parties there what is speculated to be a forthcoming deal between the UK and EU on reform to the Northern Ireland protocol within the Brexit Withdrawal Agreement. European Commission VP Maros Sefcovic has also hastily convened a meeting of the 27 member state ambassadors this morning, giving further credence to speculation that the announcement of a deal is approaching fast.
- Simon Usherwood, a politics professor at the Open University: "Sunak has kept to his predecessors' approach of trying to keep very few people in the loop about talks: UK-EU and UK internal talks are highly separated until deals land and then selling goes overtime. [...]Separating like this might make things easier at start, as you have fewer POVs to take into account, but deals have to be implemented, so you need buy-in to make things work on ground. Sunak risks either a political stand-off from NI parties or his backbench or someone pointing out the practical difficulties"
- Usherwood: "Next up, content. This deal isn't going to "solve" Protocol issues, just reduce problems and open a path to more negotiations. All indications are that deal will be within existing texts of WA and TCA, so this is about wiggle room, not recasting. [...]. That's not intrinsically a problem, but it does point up that Brexit is a process not an event [...] So expectation management is in order. [...]"
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.