No deal has always been a misnomer of leaving the EU without signing the Withdrawal Agreement. Proponents have called it leaving on WTO terms, or a Clean break exit with global trading or some such. More recently others have called it a managed exit, drawing attention to the various areas of collaboration and agreement there will be on a so called No Deal exit.
So let me have another go at explaining the WTO option. It is if you like the “multi deal option” or deals on wheels, as the UK and the EU agree a series of measures to smooth transport and trade across the Channel and across the Irish border.
We now know there will be the following Agreements
The Common Transit Convention
The facilitation of trade Convention
WTO trading rules
Air Services Agreement
Continued arrangements for London based derivatives to trade and settle
Phyto-sanitary arrangements
Possible continuing membership of the Government Procurement Agreement
In other words a WTO Brexit will also include a number of important agreements to ensure the planes will fly, the trucks will move and the trade will flow after March 29
There will be the added bonus that we can stop all these groundhog day debates and show how absurd so many of these scare stories are.
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