vegster
Sanity Clause
- May 5, 2008
- 28,272
Lightly Baked will be on in a minute with some new insinuation about Jeremy Corbyn or some mobile phone footage of looting in Missouri. Meanwhile, we are led by a corrupt regime.I don't think anything can change Johnson's ability to f*** Britain up even more than he is doing, so I'm afraid it's simply [emoji38]ol:[emoji38]ol:[emoji38]ol:
Japan trade deal commits UK to stricter state aid curbs than in EU talks
https://www.ft.com/content/edb7d155-56b4-4065-9f83-31b2247fa178?segmentid=acee4131-99c2-09d3-a635-873e61754ec6&__twitter_impression=true
The UK’s new trade deal with Japan commits it to tougher restrictions on state aid than the ones it is currently offering the EU in the Brexit talks, potentially undermining its negotiating position with Brussels.
In the bilateral UK-Japan agreement announced in principle on Friday, London and Tokyo have agreed to replicate the restrictions on subsidies in the EU-Japan deal that went into effect last year. That agreement prohibits the governments from indefinitely guaranteeing the debts of struggling companies or providing an open-ended bailout without a clear restructuring plan in place.
By contrast, the UK has repeatedly told the EU that it must have total freedom over state aid after the end of the Brexit transition period with complete autonomy over future subsidy decisions, subject to WTO rules.
So Liz Truss has now agreed to the exact same thing that Johnson and his mob are insisting cannot happen (and she probably didn't realise it) in order to be able to announce the Japan deal. Shame that no one in Government seems to be able to do detail. Just further proof that there isn't and never was any 'plan', just a bunch of total incompetents blindly flailing around in the dark