It is now two months since I last posted on Brexit and Prime Minister May‘s so far unsuccessful strategy of getting her version of a somewhat backstop amended deal past Parliament and ready for presentation to Brussels and the EU leadership. The Prime minister has rejected Jeremy Corbyn‘s proposal of Brexit within the EU customs union as a non starter and the EU has continued to resist any effort to amend the original deal. Jeremy Corbyy and the Labour Party leadership has agreed to talks with the Prime Minister but thus far they have not led to an agreement. Those who back a second ‘‘peoples‘‘ vote now that the harsh terms and consequences of Brexit are much better understood and clarified have made some progress with Mr.Corbyn who no longer does not rule out such a vote should he have the opportunity to call one but it is still a long shot outcome perhaps because both the Labour and Conservative parties are divided on the question. The EU for its part probably would welcome such a vote on the assumption that the remain side would win a second vote.
So with less than two full months to go crashing out without a deal looks more likely. Although there is probably a solid majority of MPs from all the parties who would oppose such an outcome and would rather abandon the ‘‘game of chicken‘‘ bargaining strategy and opt for a postponement and extension of article 50.
Whatever the outcome the UK needs to broaden its trade strategy if they are not in the customs union and negotiate as many reciprocal trade agreements as are possible as well as return to Keynes style stimulation of the economy to help speed recovery from the likely negative consequences of a harsh Brexit.