We will know in the next few weeks if Britain is to leave the European Union without a trade deal. The ‘high-level’ meeting in June has been earmarked by the UK and the EU as the moment when they decide whether to take the negotiations to the next stage or not. If there is to be a deal, then the contours of it will need to start to become clearer at this meeting. If they don’t, then both sides will need to decide whether their time would be better spent preparing for trading on WTO terms than in unconstructive negotiations. The Covid pandemic, far from pausing the talks, has made it all the more urgent that an agreement is found quickly. The UK and the EU will spend next year reshaping their economies and it makes sense to do that knowing what their trading arrangements will be in the medium term.