Nicholas Whyte reports on three things we now know about Brexit:
- According to Barnier the British are talking about a Canada type model, no sector by sector deals and no passporting for the financial sector.
- The Irish border issue is serious and as yet has no solution (which is why the Taoiseach has been upping the stakes)
- The emergence of news of a £40 Billion figure emerging from the British side Nicholas suggests this means there’s going to be a deal rather than no deal.
The border issue is what’s holding Phase One up. Ireland will need a concession on that. A border down the Irish Sea is not happening; for the simple reason that the DUP won’t let it happen. Looks like its solution will dictate the nature of the overall deal.