After Prime Minister Boris Johnson walked away from the negotiations late last week, the two sides reached agreement on Wednesday to resume talks just 10 weeks before a status quo transition arrangement expires and Britain goes it alone.
The EU is ready to negotiate by mid-November, but then needs time to be able to ratify any deal before the year-end deadline. “Both sides have agreed to a genuine intensification of the negotiations with talks taking place daily, including at weekends, and both sides do recognise that time is extremely short.”
But the UK side have argued that they must stick up for their position, and honour Johnson’s pledge to “take back control”. Some in his team saw a small victory in the EU talking up British sovereignty to get the talks back on track.
Money markets believe that no one is stupid enough to do the North Korean No Deal. Will Johnson prove to be more stupid than they thought.