David Davis appeared in front of the Lords Select Committee on Europe yesterday and I watched it on Parliament TV. It was a performance full of arrogance and bluster. The minister in charge of Brexit does not have a clue.
He told the committee that his objective was not to damage the British economy but it is impossible to see how this can be achieved. The uncertainty alone is already causing damage and once article 50 is triggered we will see what an earthquake Brexit really is. He said the negotiation would be the "most complex in modern times" if not ever! I am pleased he is at last beginning to see the enormity of the task ahead. It's a start.
The also admitted the customs union was "very complicated" and in consulting industry and others he is asking them to "quantify" the effects of Brexit including those of tariff and non-tariff barriers. I am amazed that not one member of the committee asked him why he hadn't considered these point before he advocated Brexit.
Speaking to Bloomberg, the CEO of a large Nordic bank says Brexit may to take up to 5 years (HERE) and the article quotes Czech state secretary for EU affairs who last week went as far as to call the U.K.’s current proposals (for access to the market without freedom of movement) "completely unrealistic". It all looks like a disaster unfolding before our eyes.
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