The return of no deal

So frustrating to see support for no deal return with a vengeance in the UK. From the moment Theresa May spoke the words “no deal is better than a bad deal,” economic experts have tried to explain (for two years) why this is false. No deal represents the worst economic outcome for the UK. The EU does not want this, but will not get hurt in the same way. The EU is the UK’s largest trading partner. To walk away with no working trade deal represents economic chaos, not a negotiating strategy.

Sadly, the UK government has treated no deal as a viable option, and their (only) bargaining chip, from the beginning. No deal represents a failure. Dominic Raab, UK foreign secretary, actually had the audacity to say that he thought negotiations would get easier after no deal, an incredibly misleading statement, and from someone who personally failed to get any concessions from the EU while he was in the room during negotiations.

Creating chaos will not make things easier. Rather, it will further weaken the UK’s credibility as a negotiating partner, and create the pressure for emergency solutions, which could make a long-term deal even more complicated. Finally, no deal is extremely cruel to Ireland. It completely ignores how pivotal it is to find a working solution for the border. No deal provides no answers, only uncertainty.