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Yeah the bit about the EU and the 11th hour is bang on - I always thought there was an element of theatricality about it tbh. Used to do December fish negotiations and they'd go on till 5AM despite the fact you knew everyone would agree to the compromise text tabled a day beforeSure, because a trade deal is preferable and no one is saying otherwise. But if we have to drop back to a prepared WTO situation with the EU it would not be Armageddon. Gisela Stuart, Labour leave and a German who understands the EU well, said yesterday that the EU and its member states never agrees anything until the 11th hour of the final day. That's how they do business, using power and brinkmanship. It's easy for member states at the moment, because Barnier's brick wall doesn't affect them. But if there is no deal, the heads of the 27 government will have to account to their electorate for why their trade has been adversely affected, security for their citizens has been badly marginalised, access to the City of London for businesses may be jeopardised, and why they are having to cough up a share of the £39bn that will not be paid by the UK but will be the subject of legal challenge and delay.
Something will be hammered out between the UK and the EU in the next couple of years, but for now, our government has to hold its nerve and prepare for a period of WTO trading.
