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A no deal Brexit is nothing to fear

There would be some initial disruption but no long-term damage

By Graham Gudgin and Robert Tombs  

EU Chief Brexit Negotiator Michel Barnier. Photo: THIERRY ROGE/Belga/PA Images

There is confusion on what is meant by a no deal Brexit. Threats have abounded—for example that the EU will prevent flights from landing, or that the Eurostar would stop running. None of these threats is plausible. Negotiations are proceeding to avert outcomes greatly damaging to both the UK and the EU. A realistic no deal scenario would involve the absence of a free-trade agreement, at least for a while, combined with side-deals to maintain smooth operation of…

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