Anyway, Appeaser Mayhem has called a news conference for 5pm. Hopefuly she is finally going to throw in the towel, although Im not counting on it. She has poor political instinct but has a very strong survival instinct.
Matters not who is at the helm. We can't stay (that's undemocratic), we cant no-deal leave (that's financial suicide), so we have to have something half-arsed. Irrespective of who's in.
That's reality.
It would meaning dealing with the EU on WTO terms (for a while at least) which is exactly how we deal with much of the world and have done for a long time.
Please explain how that is financial suicide.
If you struggle to understand what WTO terms and costs (not just the 10%, but also the extra buearocracy) added to our biggest export market, take a peek at what the stock market and the banks have done at the mearest hint of losing free trade with out biggest partner.... ….and that's just the very unlikely case of no-deal (because that's never gonna happen - no Brexit is more likely, and that's pretty unlikely).
And global companies won't want to set up here, because of the extra costs in getting to major markets. They will set up in euro countries instead. This is a car site, so lets consider that - BMW are already looking at options of moving BINI production outside the UK, so that's 5000 jobs directly lost, and the same again in the supply channel (who can't supply BMW in euroland, due to being uncompetitive due to the additional costs). Nissan have suggested that Sunderland won't get new models when under WTO conditions. So will get mothballed. That leaves Honda and the country's biggest car manufacturer, JLR. JLR is headed, I believe, by a German, and have other manufacturing plants around the globe, so have no loyalties to the UK. That could easily be 1-2m lost jobs. Which then hits the retail and entertainment sectors, who will lose staff... ...it'll be another major, major UK recession, when we haven't recovered from the last one (which is currently estimated to burden use until around 2035, assuming we don't have another).
Even the most empassioned Brexiteer admits to a short and mid-term financial fallout, but prefer non scary terms like mid-term, rather than 2 or 3 generations, or 50yrs.
Simples really.