Oh if France get their way, and it's a rock and hard place position that the new PM will be in, a lot of people can look forward to enjoying their newly found sovereignty with tax rises and/or public services cuts.
This is the 'word' in the City of London. Love or hate it financial services are the biggest contributor to our tax base.
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Merkel and Brussels have outright already refused an EEA+ agreement that gives UK migration control, passporting and single market access.
What is passporting? All banks registered in UK have a "passport" that allows them to do business with whole EU. The City depends on it.
Base case is Berlin and Brussels plan to insist on an EEA- (i.e. a worse deal than Norway) that excludes passporting, migration controls.
This would however allow services to continue to have access to the single market. But not financial services. Mass migration continues.
This is formal offer. But Paris is planning a turn of cynical brilliance - that could at a stroke smite London and restore Paris to glory.
France cynicallly intends to offer Britain an EEA- that excludes passporting, but gives them a migration cap, and single market access.
This is a brilliant move: "you get less Poles, but we want your banks." It would be in France's interests to encourage UK out to get banks.
This would leave some stuff shirt like Crabb in a disastrous position: Paris and Berlin would have handed him a deal only "bad for bankers."
But the cynical French deal would be exactly the kind of cap migration, free movement for us and single market deal that the public want.
The next Tory muchkin leader would then be a hideous position: have his tax base slashed at by loss of banks as his voters rejoice.
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As I said - genius. Cynical, evil genius.