Projecting Brexit

Boris Johnson famously said that the UK could “have its cake and eat it, too” in the Brexit negotiations.  As it is turning out, the UK is actually giving the entire cake to the EU.  That was completely predictable, as the EU has far more bargaining leverage.

I can’t predict what kind of deal is ultimately going to be negotiated at this point, because the British government doesn’t really know what it wants.  What is fairly clear, however, is that the government is eventually going to be faced with a choice of either a deal that leaves the UK worse off than it is today, or no deal at all, and a default to WTO standards, which could lead to chaos, at least in the short run.

You would like to think that the government would give the public a third choice:  a referendum on maintaining the status quo.  Will that happen?  Probably not.