Theresa May routinely overestimates her capabilities as a broker of Brexit truces, both in her government and the country. In 2016, she rejected participation in the EU’s customs union and single market. In a speech advertised as a blueprint for future EU-UK relations, the prime minister conceded that Brexit has material downsides. Meanwhile, a free trade deal with the US, promised as a swift Brexit bonus, has never looked less likely. The prime minister conceded that Britain’s economic future is best served by close integration with the EU, because its rules and institutions have served the country well.

Source: The Guardian March 02, 2018 17:18 UTC