Does the UK Have Much to Fear if No Crony Deal Is Made with Europe?

There are good reasons to think that the answer is no.

as the Prime Minister returns empty handed yet again from yet another catastrophic round of negotiations in Brussels, and as the cliff-edge gets closer and closer, the conventional wisdom is that the pressure on Britain to agree to something – anything! – becomes more and more intense.

And yet, as so often in the through-the-looking glass world of Brexit, that conventional wisdom is a bit off target.

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