This blogpost was written late on August 10th
The ideological complexion of the Johnson administration makes a no-deal Brexit more and more likely and businesses need to get ready accordingly. At the very least, they need to prepare for a prolonged period of great uncertainty in the UK and in the UK’s relationship with the European Union.
The replacement of Theresa May by Boris Johnson was not just a change of personnel at the top. Nor was it just a change in the negotiating approach to Brussels with Johnson adopting a Trump-like “madman” demeanour, as he famously suggested he would, if given half a chance, at a dinner in London in 2018:
“Imagine Trump doing Brexit,” Johnson added. “He’d go in bloody hard … There’d be all sorts of breakdowns, all sorts of chaos. Everyone would think he’d gone mad. But actually you might get somewhere. It’s a very, very good thought.”