WTO Goodness

 The Times

A transitional Brexit deal is attracting support because the alternative is so murky

Five months after Britain’s vote to leave the EU, the real wrangling has begun. A cross-party group of MPs is demanding single-market membership. Mark Carney, governor of the Bank of England, is galvanising business to lobby for a transitional deal with the EU. Behind the scenes, diplomacy is starting. We report that Liam Fox, the international trade secretary, is to meet the head of the World Trade Organisation (WTO). These talks will be vital because they will set the baseline against which all other negotiations take place.

Theresa May told business leaders last week that she does not intend to take Britain off a “cliff edge” in 2019, at the end of the country’s two-year negotiating period. Though Downing Street subsequently backpedalled on the remark,…

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