Economic security

Don’t buy the bluff. Here’s the truth about no-deal Brexit

No-deal Brexit has never loomed larger than in the current moment. Boris Johnson has said that Britain will leave the European Union on 31 October. His entire political strategy is based on the credibility of his threat to follow through, regardless of whether he has come to an agreement with the remaining 27 members. As a result, the need to understand what no deal may mean in practice has become increasingly urgent.

At the UK in a Changing Europe, we have tried to address this: our report on it is out on Wednesday. We don’t have any inside information. We’re not privy to material that others do not have. But we do have a team of scholars who have spent their careers studying the relationship between the UK and the EU, and so are well placed to consider the potential implications if the UK were to leave in this manner...