1. Exquisite Tweets from @IanDunt

    PreoccupationsCollected by Preoccupations

    OK, very briefly on why the no-deal-better-than-bad-deal stuff is nonsense. It's not that it would be WTO.

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    IanDunt

    Ian Dunt

    Wldn't be WTO. We haven't established indep schedules there. Must OK tariff quotas w exporters & EU. There's no WTO safety net from talks.

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    IanDunt

    Ian Dunt

    But put that to one side. Domestically, we need to create entire regulatory infrastructure across economy. There's too little time to do so.

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    IanDunt

    Ian Dunt

    Europe knows this, which explains why they are so bullish. We do not, which explains why we are so bellicose.

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    IanDunt

    Ian Dunt

    When May says this, it doesn't restrict their approach. It merely convinces them that we have lost our minds.

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    IanDunt

    Ian Dunt

    The UK has leverage - financial services, trade, security etc. But threatening a walk-out is not on that list.

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    IanDunt

    Ian Dunt

    If you're by a cliff edge and you say to your mate: 'give me a sandwich or I'll jump off', that has not strengthened your leverage.

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    IanDunt

    Ian Dunt

    It has just made you look like a fucking lunatic. And that's what we look like right now.

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    IanDunt

    Ian Dunt