
Boris Johnson’s Brexit dilemma
The penny seems to have belatedly dropped for Boris Johnson. He can have a no-trade-deal relationship with the European Union – what he calls an Australian-style relationship – or he can have Northern Ireland as a seamless member of the UK’s internal market. But under the EU Withdrawal Agreement that he signed, he cannot have both. If we trade with the EU under WTO terms there will be highly significant tariffs levied on UK-EU trade alongside highly significant fiscal and regulatory differences between the UK and EU. And the default position in the Northern Ireland Protocol is that – without agreement to the contrary between the UK and EU – all
