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No Deal Boris

May 25, 2019 - 15:54 -- Admin

Last time I looked at the Brexit trainwreck, I predicted that May would seek an extension from the EU (which she did) but assumed they would want a concrete commitment to finality, through a referendum (which they didn’t). I ended with the observation

To be clear, “No Deal” doesn’t really mean that. A literal no deal would see Britain reduced to food rationing in a matter of weeks, air travel cancelled immediately and so on. In reality, “No Deal” means a series of emergency deals, cobbled together in circumstances where the EU faces significant but manageable economic costs, while the UK faces catastrophe.

Now May is on the way out, and it appears she will replaced by Boris Johnson, the British politician most hated by the EU. There’s no prospect that he will be able to negotiate a deal, even if he wants to. So, unless he is overridden as May was, a No Deal Brexit is on the cards.

But, contrary to what I wrote above, I think there’s now every prospect of something approaching a literal no deal. Johnson will certainly not be keen to make the kinds of accommodations needed for a manageable No Deal Brexit.

From the EU’s point of view, a few weeks of total chaos, followed by an abject surrender from Johnson, looks a lot more appealing than the same scenario applied to the earnest, if incompetent, Theresa May.

As the not so old English curse (attributed, as is normal in such cases, to ancient Chinese wisdom) has it, “may you live in interesting times”. Johnson is certainly interesting, and is a curse the English have brought on themselves.