Project Fear is back after a seasonal break. Far from resolving anything, Theresa May’s decision to delay Brexit back in the spring simply kicked the can down the road, frustrating companies who invested scarce resources into getting ready for a 31st March departure.
Damaging as the decision to delay Brexit was, the silver lining is that seven months’ on, the UK is likely to be in a much better position to cope with the no-deal fall out.
You wouldn’t know if it you listened to the CBI who continue to churn out “no-deal” scare stories. Or if you read the civil service memo apparently “leaked” to the media, explaining that the UK needs at least another five months to be ready for “no deal”. Funnily enough, that takes us beyond the 31st October deadline. You might almost think Mark Sedwill and co. are trying once again to rule out the possibility of a clean break with the EU.
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