Wednesday, July 17, 2019

No Deal ≠ Bloodbath

Writing at The Spectator (U.K.), Anthony Browne argues that Britain's economy will not be badly damaged if it does a "no deal" Brexit from the European Union. He assures us that all the really large firms and government organizations are prepared for just such an eventuality. The small firms which do business in the EU? In general he believes they are less ready.

A former chief of the British Bankers Association, Browne assures us that the City's financial hub has done its homework, spent the necessary cash, and will press on regardless (classical reference). As PM, Boris Johnson will press the government to do likewise, strengthening his bargaining position with the EU.

If I had to guess, I'd predict something very like "no deal" will be the outcome on Halloween. The deadline is Oct. 31, unless Johnson gets antsy and goes sooner. Hat tip to RealClearWorld for the link.