Brexit no deal

[CharlesHarris]

I read this in yesterday's Telegraph and found it very thought provoking.

Culling a few of the best tidbts...

By Ambrose Evans-Pritchard
3rd Apr 2019, 3:59 pm

...So we lurch towards a permanent customs union and British infeudation as a non-voting member of the EU legal and regulatory system. This can end only in acrimony and years of bitter conflict with Europe...

It will become clear why a G7 industrial democracy with 65 million people cannot subcontract swaths of policy-making to a foreign power. The constitutional arrangement... guarantees an abrogation crisis down the road...a radical-Left government as well, one with anti-globalist reflexes, confiscatory tax and anti-wealth policies, and possibly capital controls...

Some trade experts tell us with a straight face that Britain can still pursue a sovereign trade policy and do deals with the rest of the world. This is an empty truism. The US will walk away if we must maintain EU legal alignment... Prof Alan Winters from the UK Trade Policy Observatory at Sussex University says no country has ever succeeded in negotiating a comprehensive free trade accord for services in isolation...

For this mess of potage the UK must accept profound restrictions on self-government...The UK will be subject to the EU Acquis covering the environment, labour law, taxation, competition, state aid, and trade policy...

Brussels would be able to sell the British market to others as part of its negotiations with scant concern for our interests, and no democratic redress. The EU would control trade remedies and anti-dumping sanctions. We would lose all ability to shape trade preferences for the developing world, depriving the government of a crucial instrument of foreign policy. It is self-evidently unworkable...

The British people will rebel as soon as they discover what the small print implies...

The latest YouGov poll suggests that 44pc of voters already prefer a no-deal Brexit if nothing is agreed by April 12 - against 42pc for Remain. There is no popular tide in favour of accommodation...

The eurozone might well be in recession with no monetary defences since rates are already minus 0.4pc, no mechanism for extreme fiscal stimulus, and a broken banking system. It will be uncomfortably close to a debt-deflation crisis... is exposed for what it is.

Let us accept a no-deal, reshuffle the diplomatic pack, and determine what is true and what is not true...

Put all our efforts into a free trade deal with the US and into membership of the Trans-Pacific Partnership. At least we will be a self-governing democracy.