Jill Rutter

in which we don't have a vote.

So that's what the government said.

At the moment, it's confined to very few areas.

It said it will do that on sanitary and phytosanitary areas, which basically means agri-food exports.

So that's one area, and that will be potentially quite good news for farmers, fishermen who want to export their goods into the EU.

It's also said it will do it in order to link our emissions trading system and to allow the UK to participate in the EU energy market, which will, they hope, lead to lower electricity prices.

But they're quite narrow areas where the government said that.

The interesting question is whether they want to come up with another list of areas in which they want to do dynamic alignment.

Jo, any thoughts on that?

I think this goes very much back to the idea that Britain got a terrible deal when we joined the Common Market back in the 1970s and that fishing was done down then.

And so this was seen very much as a chance to rectify 40 years of hurt over that really bad deal done back then.

So the key question is, did it?

So the Common Agricultural Policy was, if you like, this really long-standing heritage policy of the EU Common Market.

It occupied a giant proportion of the budget when we first joined.

And we would say that it was designed to provide insurance

Income support, production support to inefficient continental farmers.

That would be the sort of, you know, characterisation you would have seen back in the 1970s.

We saw sort of in the 1970s and 80s, all those big butter mountains, wine lakes, things like that.

as a result of production subsidies.

The scheme was massively reformed in the early 2000s, actually largely sort of British initiative to decouple payments from production.