Brexit: British officials drop 'cake and eat it' approach to negotiations
Charles Grant, director of the Centre for European Reform, last week revealed the existence of an unpublished Treasury analysis showing that the costs of leaving without a customs union deal far outweigh any benefits from future overseas trade deals. “The coalition of forces pushing for a softer Brexit is considerable,” Grant said. “The Treasury, long an advocate of retaining close economic ties to the EU, is newly emboldened.”