Civil servants and ministers must do more to prepare Britain for no Brexit deal, warns ex-Bank governor Mervyn King as he calls for a 'fall back position'

Ministers and civil servants are not doing enough to prepare Britain for no deal over Brexit, Mervyn King said last night.

The former Bank of England governor, who has insisted this country can thrive outside the EU, said it was essential that Britain had a ‘fall back position’ in case talks collapse.

But Lord King said he was not ‘terribly impressed’ by how much the government has set out a year after the vote.

He said that if the negotiations break down Britain must ensure it is capable of trading with the EU on World Trade Organisation terms.

He called on ministers to set up a separate team in Whitehall to ensure it is prepared for a no deal outcome.

He told BBC Newsnight: ‘If you’re going to enter a negotiation it’s actually very important that the other side of the table knows that you have a fall back position that you’re capable of delivering.’

‘That requires you to make clear publicly what the fall back position is.

http://www.dailymail.co.uk/news/article-4882428/Ministers-prepare-UK-no-Brexit-deal.html

bout damn time

WTO rules would be just fine...!!!


No deal is better than a bad deal...!!!

Tommy Monk wrote:WTO rules would be just fine...!!!


No deal is better than a bad deal...!!!

correct

in fact no deal will always be better than any deal they give us

Britain should make a 'clean break' from the EU with NO transition deal to avoid a Brexit 'muddle', billionaire inventor James Dyson says

Billionaire inventor Sir James Dyson today urged the Government to abandon hopes of a transitional Brexit deal and instead go for a 'clean break'.

The vacuum innovator said a phased exit would be a 'muddle' and claimed it would not be a 'big deal' to go straight to exit in March 2019.

Sir James also claimed Europe was a 'declining part of world trade' and said the most crucial thing was to make clear to business what the rules would be and when.

The intervention came as former Tory leader Michael Howard claimed the EU was approaching the Brexit talks - and stalling on a trade deal - as if it had won a war with the UK rather than as one side seeking an amicable deal.

http://www.dailymail.co.uk/news/article-4884196/UK-make-clean-break-Brexit-James-Dyson-says.html