Philip Hammond’s whole career as Chancellor has been leading up to this moment. Next week, in his Spring Statement, he’ll say that MPs have a choice: back the EU’s deal, or go for a no-deal Brexit for which government has failed to prepare. Without any serious leadership for the latter, it’s unlikely to pass. The Prime Minister is snookered. He has won. He was against Brexit and has not quite stopped fighting those who advocated it – on the radio yesterday he distinguished himself from “the Brexit wing of the party.” But he has second best: a Brexit deal which is EU membership in all but name. Perhaps to be followed by a proper Brexit, perhaps not. And why is Theresa May unable to negotiate anything better? Because no one can negotiate anything without the threat of walking away. Why is she unable to threaten that? Because Philip Hammond has been so effective in making sure that a no-deal Brexit didn’t fly.
Fraser Nelson
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