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So we left the EU, perhaps under the misguided belief that the politicians knew which of the prefab options we would try to secure once we left. Of course, as Gove and Johnson's hazy press conference post-Brexit indicated, these little thought-balloons weren't fully-formed. The shape of Brexits ever since has moved sharply away from all three of those models, as each one has had its boats blown out of the water by a crucial flaw.It was September by the time the world's most cunning tautology resolved itself into some basic shape. Theresa May used her conference speech to announce that Brexit meant there would be no surrender on removing freedom of movement. Given that the EU had already made this non-negotiable for access, markets interpreted the speech as her government holding out for a hard Brexit. Almost overnight the pound lost 18 percent against the dollar.Since then, the Number 10 drumbeat has been for the hard Brexit that seemed unimaginable at the start of the year. What's a few WTO tariff levels, really? A 2.3 percent tariff on agricultural goods? Pffft. We could do that spinning on our heads. 10 percent on cars? Well, it's still made up for by the drop in the pound. Blitz spirit. Dig for Victory. All that.Theresa May will talk all gas all the time for the next two years, and she is innately boring enough to accept that as her fate.
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