1- what does PM have to say about this? Surely, ultimately, has to be a decision for him
2-many civil servants in Whitehall expect an extension of some sort. There is almost no work going on preparing for a WTO/no deal exit. Huge %s of govt depts’ workforce diverted to Covid19
2-many civil servants in Whitehall expect an extension of some sort. There is almost no work going on preparing for a WTO/no deal exit. Huge %s of govt depts’ workforce diverted to Covid19
3- OBR suggest potential GDP contraction of 13% in UK, similar affect in the EU. still seems unlikely to me that either side would want to risk another supply shock, especially if Covid19 lingers. Seems to me therefore that still makes either extension or a deal much more likely.
4- piece talks about potential cost to UK of EU/euro zone recovery packages, like SURE. UK exposure to all this likely to be pretty nugatory. Would be dwarfed by economic impact of no deal, if forecasts correct.
5- In fact, UK should only be liable for liabilities incurred as a member, so Covid EU bailouts would not apply to us.
