'People will forgive you for being wrong, but they will never forgive you for being right - especially if events prove you right while proving them wrong.' Thomas Sowell
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Tuesday, 3 October 2023
Friday, 25 December 2020
How UK-EU trade deal will change relations between Britain and Brussels
Sam Fleming and Jim Brunsden in The FT
The future relationship deal struck between the UK and the EU (24 Dec 2020) will bring far-reaching changes, as both sides are forced to adapt to the end of Britain’s 30-year membership of the European single market
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The trade agreement between London and Brussels will offer UK and EU companies preferential access to each other’s markets, compared with basic World Trade Organization rules — ensuring imported goods will be free of tariffs and quotas.
But economic relations between the UK and the EU from January 1, when the deal is due to take effect, will be on more restricted terms than they are now.
“Everyone needs to get prepared for a situation next year that will be very different to today,” said an EU official.
A trade agreement along the lines of the one negotiated between the two sides will leave Britain facing a 4 per cent loss of potential gross domestic product over 15 years compared with EU membership, according to the UK’s Office for Budget Responsibility. Failure to secure an agreement would have led to lost potential GDP of almost 6 per cent, the fiscal watchdog estimated.
Below are some of the benefits conferred by the UK-EU future relationship deal, which also includes security co-operation — and the important areas in which Britain’s links with the bloc will fall short of existing arrangements.
1. Trade in goods
The EU and UK’s starting point for the future relationship talks was that they should lead to a deal with no tariffs on trade in goods between the two sides. They also wanted no quantitative restrictions on the volume of goods that could be sold free of tariffs.
That was negotiated, meaning the deal will go beyond what the EU has done with any other advanced economy outside the European single market.
But the agreement is still a very different state of affairs to membership of the EU single market and customs union.
Once implemented, from January 1, a hard customs and regulatory border will exist between the EU and UK, and goods will face checks and controls that can be smoothed at the margins only by co-operation.
The deal will include facilitations such as co-operation on trusted trader schemes, but none of these erase border checks.
“The agreement provides for continued and sustainable air, road, rail and maritime connectivity, though market access falls below what the single market offers,” said the European Commission.
2. Fair business competition
The EU’s offer on tariff-free trade was contingent on the UK agreeing to uphold a “level playing field” on fair business competition in areas such as environmental standards.
Brussels was also keen to ensure the UK does not have unfettered scope to disburse state aid to prized industries, giving them a competitive advantage.
The agreement includes common binding principles on state aid, enforceable in both sides’ courts, which would be able to recover illegal subsidies.
It also includes a painstakingly negotiated “rebalancing mechanism” to deal with a situation where the sides’ regulations in areas such as labour rights diverge over time.
The mechanism, which would be subject to independent arbitration, would allow the disadvantaged side to impose tariffs to restore fair competition.
But, crucially for the UK, it will not be required to follow EU rules directly or be subject to the jurisdiction of the European Court of Justice.
Being outside the European single market has other regulatory consequences for Britain. For example, UK businesses will no longer be able to assume that product authorisations from British watchdogs will allow their goods to be placed on the European market.
3. Fish
The deal creates a five-and-a-half-year transition period during which EU fishermen will have guaranteed access to UK waters.
EU quotas in British waters will decline in the transition by 25 per cent compared with current levels, and this will have the knock-on effect of boosting how much UK fishermen can secure. EU boats currently catch about €650m of fish in British waters each year.
Once the transition period is over, EU boats’ access to UK waters will in principle depend on annual negotiations between both sides. Those talks will also determine the overall quantities of different species that can be caught.
Should EU boats’ access to British waters ever be revoked by the UK, the bloc will have the right to take compensatory measures. These include retaliatory closing of EU waters to UK boats, and the imposition of tariffs on British fish.
The deal also links the UK’s access to the EU energy market to access to British fishing waters.
The UK warded off EU demands for a cross-retaliation power to hit other parts of the British economy should a dispute over fish escalate.
Still, the deal does provide a last-resort “safeguard” option that would allow either side to take emergency measures to protect coastal communities, subject to dispute-settlement arrangements in the agreement.
The deal enshrines the principle that Britain is now outside the EU’s common fisheries policy: an independent coastal state with sovereignty over its waters.
4. Financial services
The City of London will exit the EU’s single market for financial services at the end of the Brexit transition period on December 31.
Both sides have said that the new market access arrangements for UK and EU financial services companies should be based on unilateral decisions by Britain and the bloc, rather than be provided for in the trade agreement.
These so-called equivalence decisions involve each side evaluating whether the other’s financial services regulations are as tough as its own.
Banks and traders have acknowledged that the proposed system is more piecemeal than existing arrangements, and less stable. The EU did not announce any fresh equivalence decisions on UK access to the bloc’s markets alongside the trade agreement on Thursday, resulting in uncertainty in key areas including share trading and derivatives.
The two sides plan to put in place a regulatory dialogue on financial services based on a separate memorandum of understanding.
5. Migration
Current British and EU expatriates have their rights safeguarded by the UK’s 2019 withdrawal agreement with the bloc, but big changes to migration arrangements take effect from January 1.
Britons will no longer have the benefit of European freedom of movement: the right to go to any EU member state and seek to work and live there on the same basis as the country’s own citizens.
Instead, Britons will rely on a visa-waiver programme to travel to the EU for short stays, and on member states’ national rules for the right to work.
Ending free movement for EU nationals in the UK was identified by the British government as one of the benefits of Brexit, allowing the country to devise a new immigration system.
6. Security
The EU and UK have been at pains to emphasise the importance of continuing co-operation in the fight against terrorism and organised crime, although talks in this area were complicated by Britain’s determination to escape the ECJ’s jurisdiction.
But ahead of the deal being finalised, EU chief negotiator Michel Barnier confirmed the sides had found ways to maintain “close co-operation” on crucial matters including the work of the bloc’s crime-fighting agencies Europol and Eurojust, and the sharing of criminals’ DNA data.
Brussels said the deal “builds new operational capabilities, taking account of the fact that the UK, as a non-EU member . . . will not have the same facilities as before”.
The deal establishes that security co-operation can be suspended if the UK breaks away from the European Convention on Human Rights.
Saturday, 11 April 2015
Benaud - the wise old king
If we don't remember him as an elite legspinner, a thinking captain or one of cricket's true professionals, it's because of the phenomenal work he has done as a commentator, writer and observer
"Did you ever play cricket for Australia, Mr Benaud?" In his On Reflection, Richie Benaud recalls being asked this humbling question by a "fair-haired, angelic little lad of about 12", one of a group of six autograph seekers who accosted him at the SCG "one December evening in 1982".
"Now what do you do?" Benaud writes. "Cry or laugh? I did neither but merely said yes, I had played up to 1963, which was going to be well before he was born. 'Oh,' he said. 'That's great. I thought you were just a television commentator on cricket.'" Autograph in hand, the boy "scampered away with a 'thank you' thrown over his shoulder".
It is a familiar anecdotal scenario: past player confronted by dwindling renown. But the Benaud version is very Benaudesque. There is the amused self-mockery, the precise observation, the authenticating detail: he offers a date, the number of boys and a description of the appearance of his interlocutor, whose age is cautiously approximated.
In his story Benaud indulges the boy's solecism, realising that it arises not merely from youthful innocence but from the fact that "he had never seen me in cricket gear, and knew me only as the man who did the cricket on Channel 9". Then he segues into several pages of discussion of the changed nature of the cricket audience, ending with a self-disclosing identification. "Some would say such a question of that kind showed lack of respect or knowledge. Not a bit of it… what it did was show an inquiring mind and I'm all in favour of inquiring minds among our young sportsmen. Perhaps that is because I had an inquiring mind when I came into first-class cricket but was not necessarily allowed to exercise it in the same way as young players are now."
I like this passage; droll, reasoned and thoughtful, it tells us much about cricket's most admired and pervasive post-war personality. It is the voice, as Greg Manning phrased it inWisden Australia, of commentary's "wise old king". It betrays, too, the difficulty in assessing him: in some respects Benaud's abiding ubiquity in England and Australia inhibits appreciation of the totality of his achievements.
In fact, Benaud would rank among Test cricket's elite legspinners and captains if he had never uttered or written a word about the game. His apprenticeship was lengthy - thanks partly to the prolongation of Ian Johnson's career by his tenure as Australian captain - and Benaud's first 27 Tests encompassed only 73 wickets at 28.90 and 868 runs at 28.66.
Then, as Johnnie Moyes put it, came seniority and skipperhood: "Often in life and in cricket we see the man who has true substance in him burst forth into stardom when his walk-on part is changed for one demanding personality and a degree of leadership. I believe that this is what happened to Benaud." In his next 23 Tests, Benaud attained the peak of proficiency - 131 wickets at 22.66 and 830 runs at 28.62, until a shoulder injury in May 1961 impaired his effectiveness.
Australia did not lose a series under Benaud's leadership, although he was defined by his deportment as much as his deeds. Usually bareheaded, and with shirt open as wide as propriety permitted, he was a colourful, communicative antidote to an austere, tight-lipped era. Jack Fingleton likened Benaud to Jean Borotra, the "Bounding Basque of Biarritz" over whom tennis audiences had swooned in the 1920s. Wisden settled for describing him as "the most popular captain of any overseas team to come to Great Britain".
One of Benaud's legacies is the demonstrative celebration of wickets and catches, which was a conspicuous aspect of his teams' communal spirit and is today de rigeur. Another is a string of astute, astringent books, including Way of Cricket (1960) and A Tale of Two Tests (1962), which are among the best books written by a cricketer during his career. "In public relations to benefit the game," Ray Robinson decided, "Benaud was so far ahead of his predecessors that race-glasses would have been needed to see who was at the head of the others."
Benaud's reputation as a gambling captain has probably been overstated. On the contrary he was tirelessly fastidious in his planning, endlessly solicitous of his players and inclusive in his decision-making. Benaud receives less credit than he deserves for intuiting that "11 heads are better than one" where captaincy is concerned; what is commonplace now was not so in his time. In some respects his management model paralleled the "human relations school" in organisational psychology, inspired by Douglas McGregor's The Human Side of Enterprise(1960). Certainly Benaud's theory that "cricketers are intelligent people and must be treated as such", and his belief in "an elastic but realistic sense of self-discipline" could be transliterations of McGregor to a sporting context.
Ian Meckiff defined Benaud as "a professional in an amateur era", a succinct formulation that may partly explain the ease with which he has assimilated the professional present. For if a quality distinguishes his commentary, it is that he calls the game he is watching, not one he once watched or played in. When Simon Katich was awarded his baggy green at Headingley in 2001, it was Benaud whom Steve Waugh invited to undertake the duty.
Benaud's progressive attitude to the game's commercialisation - sponsorship, TV, the one-day game - may also spring partly from his upbringing. In On Reflection he tells how his father, Lou, a gifted legspinner, had his cricket ambitions curtailed when he was posted to the country as a schoolteacher for 12 years. Benaud describes two vows his father took: "If… there were any sons in his family he would make sure they had a chance [to make a cricket career] and there would be no more schoolteachers in the Benaud family."
At an early stage of his first-class career, too, Benaud lost his job with an accounting firm that "couldn't afford to pay the six pounds a week which would have been my due". He criticised the poor rewards for the cricketers of his time, claiming they were "not substantial enough" and that "some players… made nothing out of tours". He contended as far back as 1960 that "cricket is now a business".
Those views obtained active expression when he aligned with World Series Cricket - it "ran alongside my ideas about Australian cricketers currently being paid far too little and having virtually no input into the game in Australia". Benaud's contribution to Kerry Packer's venture, both as consultant and commentator, was inestimable: to the organisation he brought cricket knowhow, to the product he applied a patina of respectability. Changes were wrought in cricket over two years that would have taken decades under the game's existing institutions, and Benaud was essentially their frontman.
In lending Packer his reputation Benaud ended up serving his own. John Arlott has been garlanded as the voice of cricket; Benaud is indisputably the face of it, in both hemispheres, over generations. If one was to be critical it may be that Benaud has been too much the apologist for modern cricket, too much the Dr Pangloss. It is, after all, difficult to act as an impartial critic of the entertainment package one is involved in selling.
Professionalism, meanwhile, has not been an unmixed blessing: what is match-fixing but professional sport in extremis, the cricketer selling his services to the highest bidder in the sporting free market? Yet Benaud is one of very few certifiably unique individuals in cricket history. From time to time one hears mooted "the next Benaud"; one also knows that this cannot be.
Tuesday, 10 February 2015
It's time to tackle the myths in education
Wednesday, 18 January 2012
Learning batting from David Warner
Cricket gets itself in a tangle about the word. In football, technique is short-hand for skill. Pundits explain how Cesc Fabregas' brilliant technique allows him to make the killer pass or eye-catching volley. Technique is not the enemy of flair and self-expression: it is the necessary pre-requisite. "Technique is freedom," argued the ballet dancer Vaslav Nijinsky.
To play at my best, I needed to get into good positions to attack. Why? Because when I was in position to attack, I was inevitably in a good position also to defend | |||