The EU have obviously been listening to the rhetoric coming from the government and leave supporter this week and have concluded (HERE) that we are headed for total separation from the single market and the customs union, otherwise known as a hard brexit.
Donald Tusk, president of the EU council, in a speech in Brussels says the UK has a choice between a hard brexit and no brexit at all (HERE). In a dig at Boris Johnson's cake metaphor and his suggestion that we could get a better trade deal with the EU after leaving, he had this to say:
“That was pure illusion, that one can have the EU cake and eat it too. To all who believe in it, I propose a simple experiment. Buy a cake, eat it, and see if it is still there on the plate.”
We look increasingly stupid and pathetic. The pound keeps edging south and is trading below $1.22 this morning.
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