Is No Deal the Likely Deal?

Is No Deal the Likely Deal?

Taoiseach Leo Varadkar has said the UK government should drop their Brexit ‘red lines’ if they wish to renegotiate the current deal. Varadkar said that if a no-deal happens, it will be a consequence of the decisions made in London. The Taoiseach admitted that a no-deal looks more likely.

Since taking over as UK Prime Minister, Boris Johnson has taken a more hard-line approach to diplomacy with the EU, prompting concerns that a no-deal Brexit was becoming more likely than a negotiated UK exit from the EU.

Irish Minister for Finance Paschal Donohoe met with British Chancellor Sajid Javid in London on Tuesday. Donohoe acknowledged that the risk of a no-deal Brexit is growing and noted that the government will shortly make a decision as to whether a no-deal budget or a managed outcome would be unveiled in early October; “The Taoiseach and those of us who have the privilege of being in government will need to make a call as we approach October 31st regarding what we believe is the most likely scenario, and what is the appropriate economic strategy for our country, and political response to such a scenario unfolding.”

With little over 80 days to the October 31st deadline, a no deal, disorderly Brexit looks more likely than ever.