Uk politics

How many times over the past few months have some remain supporters tried to tell us that tariffs on imported goods are a very big deal indeed? Were trade between Britain and the EU to revert to World Trade Organisation (WTO) rules, they assert, the UK economy would be reduced to ruins. Food prices would soar, leaving millions scrabbling around in bins. British firms will never export anything ever again. This morning comes a slightly different tack. Actually, it seems that tariffs don’t really matter all that much at all. Removing them, according to reports broadcast loudly at various points during the Today programme this morning, will hardly affect consumer prices.     The reason for the sudden change of heart?

It's been a rough few months for the Conservatives so last night's launch of Freer made a welcome change. Cabinet ministers and MPs gathered to celebrate the new initiative intended to promote a freer society and a freer economy. Or, Liz Truss's leadership ambitions, depending which way you look at it. The Chief Secretary to the Treasury – and rising social media star – gave a lively speech at the Conrad hotel to kickstart the project. Truss entertained the crowd with anecdotes from her time as a young Conservative, plans to win over younger voters and criticism of a 'po-faced' opposition: Truss's early years: 'They don't want to be told what to do and what to think. That is incredibly important in this modern age.

It wouldn't be Brexit if everyone was happy, so it is no surprise that not everyone is pleased with the latest developments in negotiations. Britain’s Brexit transition deal has been called a betrayal, while Jacob Rees-Mogg said the government had given away too much in a 'very unsatisfactory' agreement. But the Sun says it won’t join in those criticising the deal. After all, the paper points out, ‘no one gets everything they want from a negotiation’. Of course, it is right to ‘sympathise’ with Scottish fisherman who will be disappointed that the EU will, for now, continue to set fishing quotas. Yet it is clear that ‘the agreement could not be struck without giving way’ on this issue.

The Brexit transition draft agreement is in – and it's not all smooth sailing for the UK government. In a press conference, Brexit negotiators Michel Barnier and David Davis heralded the proposed terms for the implementation period as a 'decisive step' towards achieving an orderly Brexit. However, it's clear that the government will have to rein in some disorderly MPs before it's signed off by the EU27 on Friday. As proposed, the transition period will end New Year’s Eve 2020, three months earlier than expected. In terms of the pros for the UK side, the government will be able to negotiate and sign trade deals during the transition period and there is no longer a 'punishment clause'. The clear cons, however, relate to fisheries and Northern Ireland.

The Electoral Commission has released details of the different parties' spending on the snap election and it doesn't make pretty reading for the Conservatives. Not only did they manage to lose their majority in that disastrous election, they also managed to spend the most money of any party in the process. The Tories spent a record £18.5million on their campaign, while Labour spent just over £11million and the Lib Dems around £6.8million. It's already well documented that the Conservatives misallocated their resources and spent money in seats they wanted to win (and didn't) when they should have been focussing on a defensive campaign in seats like Kensington, which they lost by a handful of votes.