[Chequers Plan.]
"Named after the British prime minister’s country retreat where it was hammered out, this plan for the future relationship between Britain and the EU would have seen the UK’s departure from the single market and customs union offset by a pledge to maintain a common standards rulebook for goods, food and agriculture, along with other continued regulatory alignments. "
(The Guardian.)
Is "offset" a verb or an adjective in the sentence above?
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I think it is a verb.
Yes, it's passive verbal (a past participle used in the pattern "to see X verb-ed by Y").
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Yes, it's passive verbal (a past participle used in the pattern "to see X verb-ed by Y").
I see this as an elliptical construction: "...from the single market and customs union, which would be offset by a pledge..." The words "which would be" are omitted for brevity and are understood from the context.