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00:00Let's turn to the politics and the politics of Brexit. The UK proposed a bill earlier on this week which of course would whip up parts of an all of Northern Ireland protocol. The EU of course doesn't like that. Saying the UK decision left us with no choice but to act. They've launched legal action against the UK over the Brexit bill. What do we expect to see here. It's the never ending story. I think that you and I have talked about this for maybe three four years and we'll probably have another five years to talk about this anyway. Look I think you summarize it very well. The UK government says this Brexit deal parts of it's particularly in regards to the Northern Northern Ireland protocol. Excuse me. Worked great on paper but it doesn't work in real life. So we're going to change a unilaterally. The European of course authorities say say that's not how it works. And now once again they say they will trigger action on this legal action by the way. To me what is key here however is that these still see they remain open to a potential solution. They could have really escalated today by perhaps throwing in tariffs and they haven't done that yet. So it's not a full blown trade war.

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EU Launches Legal Action Against UK Over Bill

The European Union is relaunching infringement proceedings against the UK, along with two new legal actions, in response to proposed legislation to override part of the Brexit withdrawal agreement. Maria Tadeo reports on Bloomberg Television. (Source: Bloomberg)

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