Sky's economics & data editor Ed Conway writes that while the Northern Ireland Protocol's replacement could lift sentiment, the impact - on paper at least - is likely to be small.
The answer, as with so many other economic questions, rather depends on how you look at it.This deal will not change the formal trade relationship between the UK and the EU.issues with frictions and customs checks stay as they are, at least for goods passing between the EU and the rest of the UK.
That might not be altogether obvious from overall trade figures, which still show a gradual increase in sales passing across the Irish Sea to Northern Ireland. But since the imposition of EU rules on trade between Northern Ireland and the rest of the UK, there has been a sharp fall in food imports. If the Windsor Framework does as intended, it should unblock these UK flows, meaning Northern Ireland can once again rely on free transit of most goods from the rest of the UK.That could help boost economic growth and possibly investment too. As the PM said on Tuesday, Northern Ireland will benefit from being part of two economic zones at once, the UK and European single market.
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