But they don’t take into account one key option available to the UK: that of reverting to our historic position and declaring unilateral free trade by abolishing all tariffs. This would, as Patrick Minford has been telling us all this past decade and more, be hugely beneficial to us all.
If we do that, the worst that can happen to the UK would be that we get to buy, as we wish, from the finest and most economic producers of everything around the world without restriction or limitation. The Prime Minister is therefore in a rather handy position when he discusses who sends who a cheque in the near future – please don’t force me into that thicket of free trade to the nation’s great benefit.
And if Johnson can’t win a negotiation playing such a hand then we’ve still got a few people left who haven’t had the opportunity to be Prime Minister yet, haven’t we?