Talk of an early election highlights the make-or-break nature of this week for Johnson’s leadership and for the country as a whole. Since he became prime minister in July, Johnson has made it his mission to prepare the U.K. to leave the EU by the Oct. 31 deadline even if that means tumbling out of the 28-country bloc with no deal to cushion the blow to trade.
Many politicians inside his own Conservative Party are unwilling to go along with this plan, believing it will hit the economy, sparking a recession and a crash in the currency and house prices. They have been trying to work out a way to stop the premier forcing through a no-deal Brexit that would damage the economy and leave businesses and citizens facing legal chaos.
I will repeat my view that the only way for the UK to get what it wants from negotiations is to present a credible case for leaving without a deal. You have to be willing to walk away unless you get what you want. Even if it is a bluff, it needs to be even more credible. The problem is in a parliament riven by indecision, competing allegiances and electrical arithmetic there is no consensus even on what the best negotiation tactic is.Click HERE to subscribe to Fuller Treacy Money Back to top