Bit by bit, the meaning of “success” has been changedby Alex Dean / December 16, 2017 / Leave a comment
After months of negotiation chaos, Theresa May returned from Brussels last week triumphant. A withdrawal deal had been struck. Leavers and Remainers alike lined up to applaud her perseverence. The Daily Mail celebrated, as, in its own way, did the Financial Times. Talks can now turn to the transition and future trade.
This is welcome. The timer is ticking and Britain urgently needs to plan for its post-Brexit future. The economy depends upon a healthy trading relationship with our friends on the continent. “Phase two” cannot come soon enough.
But the overriding lesson from all this is just how far expectations have fallen. And just how much the Leave camp overpromised.
Refamiliarise yourself with the terms. Britain is to offer the EU an eye-watering financial settlement. There is no definite figure out there but the FT reckons it could run to near €100bn. Elsewhere, too, from the European Court of Justice to EU citizens’ rights, the UK has conceded. Not compromised—conceded. On the Irish border, that most intractable issue, the can has simply been kicked down the road.