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Rishi Sunak welcomes Boris Johnson's Brexit deal


Rishi Sunak congratulated Boris Johnson on securing the post-Brexit trade agreement with the EU in an "enormously unified moment for our country".

The Chancellor, who was accused of being "absent" before Christmas, said the deal was good business for British families, businesses and jobs.

He also addressed concerns about the future of financial services, saying Brexit would "provide an opportunity to do things differently in the City of London" after no agreement was reached on "equivalence" in selling financial services in the single market has been.

Speaking from Richmond, Yorkshire, Sunak said, “I think this agreement is one of the most comprehensive free trade agreements ever signed and it is good business for UK families, businesses and jobs.

"It provides a fantastic platform for us to move forward, maintain duty-free access to European markets while taking advantage of new opportunities."

However, former Irish Prime Minister Leo Varadkar warned that Britain's access to the European market is "not essential" and that it will still have to comply with some EU rules.

Former Irish Prime Minister Leo Varadkar warned that Britain's access to the European market is "not essential" and that it will still have to comply with some EU rules. Rishi Sunak: The Brexit Deal is a "unifying moment" for Great Britain

The Tanaiste told Newstalk: “You still have access to the European single market, a market with 400 million inhabitants, the largest and richest market in the world.

“They also don't have to pay tariffs or quotas, which is an advantage for them. But it is not necessary. So you have agreed to create a level playing field.

“You have agreed to a non-regression clause except for the name. So we said that you can only have access to the market if you don't lower your standards on workers rights, the environment, health and safety, and products standards – all of those things.

"If they reduce their standards or do not adhere to our standards, this access to our market could be jeopardized."

The analysis of the think tank of the Institute for Political Research (IPPR) has shown, however, that the bar for proving violations of the "level playing field" to secure the problems is so high that they are seldom enforced.

Rishi Sunak congratulated Boris Johnson on securing the post-Brexit trade agreement with the EU in one

Rishi Sunak congratulated Boris Johnson on securing the post-Brexit trade agreement with the EU in an "enormously unified moment for our country".

Although negotiations on the deal continued well into the morning on Christmas Eve, Mr Sunak left London for his northern constituency before the capital introduced Tier 4 restrictions on Sunday 20th December. PICTURED: Mr Sunak appears on a video call with Boris Johnson as a deal is agreed

Although negotiations on the deal continued well into the morning on Christmas Eve, Mr Sunak left London for his northern constituency before the capital introduced Tier 4 restrictions on Sunday 20th December. PICTURED: Mr Sunak appears on a video call with Boris Johnson as a deal is agreed

Marley Morris, a director of trade and EU relations, warned that the commitment not to lower current standards in order to gain an unfair competitive advantage is "considerably weaker than expected" and "sets a very high bar of evidence". .

The Prime Minister has insisted that the UK will not step down on these issues, instead vowing to use "legislative and regulatory freedoms to help people who felt left behind".

The trade deal stipulates that the UK must follow EU rules for goods, which are considered part of a non-regression clause on December 31st.

Rishi Sunak also referred to the impact of the EU trade agreement on the financial services industry, saying, “We should be extremely proud of our financial services industry.

“It's something we are best in class in the world at, that makes a huge contribution to our economy and employs over a million people across the country, not just in the City of London.

& # 39; I made a statement some time ago about the future of our financial services industry and spoke about our future to ensure it remains the most competitive and dynamic place to do business in the world.

& # 39; We are still open to building new relationships with a wide variety of trading partners – for example Switzerland recently – but we also remain the most technologically advanced place to provide financial services.

& # 39; I think the ambitious vision was very much welcomed by various stakeholders.

After arriving in Richmond, which is in Tier 2, he visited a local hospital on Monday - the day Tier 4 restrictions were extended to other parts of England

After arriving in Richmond, which is in Tier 2, he visited a local hospital on Monday – the day Tier 4 restrictions were extended to other parts of England

“After we leave the European Union, we can do things a little differently and start this journey, for example to investigate how we can make the City of London the most attractive place to list new companies around the world.

"But this deal also offers security, as the deal mentions a stable regulatory cooperation framework, which in my opinion will give people the assurance that we will remain in close dialogue with our European partners."

Deal risks undermine workers' rights, the analysis warns

Boris Johnson's post-Brexit trade deal with the EU puts workers' rights and environmental protection at risk from erosion and will slow economic recovery, an early analysis warned.

The assessment published by the IPPR think tank on Sunday states that the bar for proving violations of the “level playing field” to protect the problems is so high that it is seldom enforced.

The Prime Minister has insisted that the UK will not step down on these issues, instead vowing to use "legislative and regulatory freedoms to help people who felt left behind".

Marley Morris, a director of trade and EU relations, warned that the commitment not to lower current standards in order to gain an unfair competitive advantage is "considerably weaker than expected" and "sets a very high bar of evidence". .

"Given that it is notoriously difficult to prove that lowering protection will affect trade or investment, the deal is unlikely to prevent the UK government from weakening EU-derived labor and environmental policies, if she so wishes, "says his report.

He later added, "This creates a serious risk of erosion for workers, the climate and the environment."

Regarding the opposition the deal has faced since it was unveiled, he added, “I think there would always be people who want to reopen the debates four years ago, but I don't think that would be the right thing to do .

“I actually think that this deal can represent a tremendously unified moment for our country and bring people together after the divisions of recent years.

“For those who voted to leave, this agreement means that we will have the freedom people have sought, control over our laws, our borders, our trade.

"But for those concerned about the economic impact of an exit, they should be immensely reassured by the comprehensive nature of this free trade agreement, which ensures duty-free, quota-free access for UK companies to the European market and close economic partnership." and the vital protection of British jobs. & # 39;

The Chancellor swapped Downing Street for his constituency in Richmond, 240 miles away, last Friday afternoon, the day before Boris Johnson announced he would be paving the city with new curbs.

He has continued to virtually attend cabinet meetings and appeared in photos of a video call with Boris Johnson revealing that a deal had been struck.

He now has to spend all of Christmas outside Downing Street as the Prime Minister has the option to travel to and from Tier 4 areas like London.

Upon arriving in his constituency, which is in Tier 2, he visited a local hospital on Monday – the day Tier 4 restrictions were extended to other parts of England.

Sunak, 40, lives with his family in a magnificent Georgian mansion in the small village of Kirby Sigston, just outside Northallerton, North Yorkshire.

Criticizing his absence in recent days, a Labor spokesman said: “It has been days since the prime minister announced new restrictions and still not a word from the chancellor.

& # 39; Rishi Sunak was happy to find his name throughout government policy when it suited him, but when things get difficult he is completely absent. That's one of the reasons we had the worst downturn in any major economy. & # 39;

(tagsToTranslate) Dailymail (t) Nachrichten (t) Brexit (t) Rishi Sunak (t) London (t) Boris Johnson