Answer: when Britain is ‘negotiating’ with the EU.
If the leading figures in the Brexit campaign had any conscience (Cambridge Analytica?), they would be filled with remorse. With this latest transition agreement, ‘take back control’ has morphed into ‘same control, no input’. In initial negotiations, the UK wanted no exit payments, held out on EU citizens’ rights, demanded no freedom of movement or ECJ jurisdiction; more recently we wanted our fisheries policy immediately freed from the EU. Oh, and the transition period, a post referendum invention in the first place, needed to be flexible in case we weren’t ready. All this was ignored.
These are just a few items and you could go on. The one major concession is that we can start pursuing our own trade deals before the end of the transition period. Wow. I look forward to reading about the heroic actions of our Trade Secretary, Liam Fox. He, who loves all things American and free trade – yet accuses businessmen of spending too much time on the golf course – will be discussing trade agreements with the protectionist, golf loving President Trump…
Crucially, in the area of financial services, the EU is not committing to ‘equivalency’ from a regulatory perspective, which would have created a free market. The attraction of Frankfurt and Paris biting into this most lucrative of sectors is simply too great for much compromise at this stage. Then, of course, there is Northern Ireland.
Let’s be clear. A deal will eventually be done. But at what expense? What we know is that the terms will be nowhere near the promises made during the campaign to leave the EU.
In some senses that doesn’t matter. The aim of Brexiteers is to achieve sovereignty at any price, even though this is a complete fiction in a globalised world. The economic and social damage to the UK will be slow but cumulative. Boiling frogs come to mind. No wonder the young are angry but they have no monopoly over this emotion!
There is a small hope of initiatives developing to reverse the referendum, or stay within the customs union/single market before the transition period is concluded; but the price paid has to be more visible than it will seem then.
The course is set and unless the consequences are immediately disastrous or there is a long-shot, fundamental realignment of British politics, we leave the EU fully on 31 December 2020. Every promise made by those who wanted to Leave will then be carefully weighed and measured for future political combat. Those leading figures in the Brexit campaign had better be prepared.