Brexit, 'No Deal' and the Perturbation Multiplier

Britain’s prime minister is still claiming that “no deal is better than a bad deal”, nonsense wording of a type that has become something of a Theresa ("Brexit means Brexit") May trademark. In a piece on CapX today (on an old favorite, the Norway option for Brexit) I noted this: Theresa May has repeatedly argued that “no deal is better than a bad deal”, a mantra that could — in indicating a willingness to walk away from the table — be defended as a negotiating tactic, but only...

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