Without the issue of the Irish backstop, it is reasonably safe to assume the UK would be leaving the EU on Friday with a withdrawal agreement. The government would not be falling apart and businesses and investors would know where they were. But of course, as we have been told constantly by the EU, the backstop is essential. It is absolutely the only way of ensuring, post-Brexit, that the Irish border remains open.
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What, then, if the whole thing was a hoax – if Britain and Ireland are capable of agreeing between themselves on a customs arrangement which eliminate the need for customs formalities? That is exactly what it appears may be about to happen, if we are to believe Irish PM Leo Varadkar. According to a Bloomberg report talks between the two governments have already begun, aimed at keeping the border open even in the event of a no deal.
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