Download Christopher Granville's note "Brexit bust-up: All for show"

  • Sound & fury brinkmanship gives Boris Johnson political cover for a likely deal...
  • ... and political insurance against a little-noticed no-deal ‘vassalage’ trap
  • But a deal will still be an uncomfortable step down for UK business

The going for the UK will get tougher as the post-reopening bounce comes to an end. We think the worst-case scenario on Brexit will be avoided – but a deal will do little to make the UK’s winter more comfortable.