For or against Sir Ivan Rogers views? The former UK’s EU ambassador believes Theresa May’s hope for special terms for different sectors is unlikely to happen.
“And there will be some who will want to play hardball and say, ‘Well, absent British money over a transitional period, why the hell should we give them any trade deal?”
Rogers said he expected “quite ferocious” legal disputes over the size of the UK’s exit bill and what exactly it was based on. Reports have suggested the EU will ask for a divorce settlement of up to €60bn before opening exit talks. But he said it would nonetheless be disastrous for the UK to leave the EU without agreement on a trade deal. A “cliff-edge” Brexit would be “insane” and damaging economically for both the EU and Britain, he said – but could happen. He said the EU had a strong incentive to reach a trade agreement, but its “legalistic” nature meant that if the prime minister stood by her “no deal is better than a bad deal” stance, the UK would be in a legal no-man’s land. .