Quote:
Originally Posted by Damien
Remember that the EU has been thinking no deal is more likely for a while now. It's going to be bad for them but I think it might be priced into their decision making at this point. If our only plan is 'we really will do no deal you know?' then I don't think it's going to work.
I think the ERG et all know this which is why they're so keen on the tactic. It's no deal.
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There is that strange disconnect where people from the ERG and their ilk say there nothing to fear from a no deal situation while at the same time say that the EU will budge as they don't want a no deal as it will be bad for them.
Let's not forget the relative exposure of the two parties which I have posted before;
UK exports to EU in 2017 - £274b or 44% of all exports or 14% of GDP
UK imports from EU in 2017 - £341b or 8% of all exports or 2.6% of GDP
(GDP figures from Trading Economics site, exchange rates from Google Finance)