Brexit: no-deal contingency plans could encourage a deal being struck

Credible commitments always strengthen your negotiating hand.

Point of Order

LONDON CORRESPONDENT:   As the Christmas truce approaches, the EU and UK have set out their respective plans for how they will respond if the UK leaves the EU on 29 March next year without a withdrawal agreement.  The announcements are proof of the increasing likelihood of ‘no deal‘ Brexit; they also have the potential to drive the parties towards the very outcome for which they are the contingency.

The EU preparations bear a passing resemblance to the War of the Roses battle cry of “kill the nobles, spare the commons”.  Steps will be taken to avoid inconveniencing individuals by keeping flights running, protecting the rights of UK residents of the EU and so forth, while going slow on measures to help UK businesses to deal with the flood of new obligations – like border and veterinary checks, licensing requirements, tariffs etc – that will descend overnight.

The hope is…

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This entry was posted in applied price theory on by .

About Jim Rose

Utopia - you are standing in it promotes a classical liberal view of the world and champion the mass flourishing of humanity through capitalism and the rule of law. The origin of the blog is explained in the first blog post at https://utopiayouarestandinginit.wordpress.com/2014/03/12/why-call-my-blog-utopia-you-are-standing-in-it/

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