Bombardier row is a cautionary lesson in the folly of Brexit

Simon Tilford, chief economist at the Centre for European Reform, believes the EU will wait until the US Trade Commission rules on last week’s decision, probably early next year, before showing its hand: “But the EU will also have a choice. It could see this as an opportunity to step in and demonstrate to the British the benefits of being members of a big market and a strong trade policy, and to expose the Brexiteers and their inability to act. On the other hand, they might decide this is a good opportunity to hang the British out to dry and teach them a lesson, exposing how vulnerable Britain is going to be in a post-Brexit world.”