The Brexit transition draft agreement is in – and it’s not all smooth sailing for the UK government. In a press conference, Brexit negotiators Michel Barnier and David Davis heralded the proposed terms for the implementation period as a ‘decisive step’ towards achieving an orderly Brexit. However, it’s clear that the government will have to rein in some disorderly MPs before it’s signed off by the EU27 on Friday.
As proposed, the transition period will end New Year’s Eve 2020, three months earlier than expected. In terms of the pros for the UK side, the government will be able to negotiate and sign trade deals during the transition period and there is no longer a ‘punishment clause’. The clear cons, however, relate to fisheries and Northern Ireland. Although Theresa May had promised to fight proposals for a ‘backstop’ keeping Northern Ireland in the customs union should no alternative to the Irish border be found, it appears she has agreed to something similar.
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