"The Office for Budget Responsibility, an independent body which oversees the fiscal and economic performance of the Government has expressed concerns over the additional effect on the country of a no deal Brexit.
Ursula von der Leyen and Boris Johnson clearly have the final say in what their Chief Negotiators do or don’t offer by way of concessions, but it is now becoming more and more likely that both sides are sleepwalking into no deal which is by far the least favourable outcome.
Last week, while presenting his spending review to Parliament, the Chancellor was at pains to impress just how serious the fallout from the Pandemic will be, it is unclear whether he has factored in the additional cost of trade between the UK and EU reverting to WTO rules from January.
The only possible benefit of that happening would be that businesses that trade with Europe and beyond will already have some experience of using WTO since the UK trades with 111 counties under those regulations.
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