Crash out Brexit threatens ‘economic cold war’ between UK and EU

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Crash out Brexit threatens ‘economic cold war’ between UK and EU
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Such a scenario would be “very messy and pretty unpleasant” UK’s former Brussels ambassador warns

“I struggle to see how a no deal outcome this summer could be very amicable and I think the European side of the table will inevitably say we negotiated in good faith this withdrawal agreement with you, that contained both the backstop and your agreement to meeting financial obligations of a significant scale,” he said.

Mr Rogers said the corollary of Britain dismissing the agreed backstop guarantee on the Irish border with the EU and its financial settlement for leaving could be “emergency measures agreed solely” among the 27 members states which would dictate to Britain “the state of the world that will actually exist.”

Striking the withdrawal agreement had been a “lengthy and tortuous process”, he said, and any new arrangement is “not going to be the easiest trade deal in history.” Mr Rogers also voiced his concern that both the UK and the EU “are potentially misreading each other’s behaviour in the event of a disorderly breakdown, and making rather blithe confident assumptions about what the other side would do.”

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