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What everyone has missed about a no-deal Brexit

Leavers and Remainers make the same mistake of talking as though it is a coherent outcome

By Alex Dean  

Photo: Isabel Infantes/EMPICS Entertainment

What would a no-deal Brexit look like? Three years since the referendum this issue has been debated more than perhaps any other. The European elections on 23rd May will revive the question. And yet all sides seem to have reached the wrong answer.

Prominent Leavers of course downplay the potential damage. Nigel Farage’s Brexit Party insists there is nothing frightening about us quickly adopting WTO terms. Nigel Lawson meanwhile told me recently “I think this is the only acceptable outcome, and it is in a sense the default…

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