Quote: DaButt @ 7th October 2017, 5:58 PMHaven't seen anything on the news. What did she say?
Among other things, that money is being allocated for the extra facilities that will be required for a "No Deal" exit.
I wish they wouldn't keep calling it "No Deal" as that has negative connotations, what "No Deal" implies is dropping out of the EU and reverting to WTO (World Trade Organization) rules, whereby tariffs would be levied on goods from UK to EU27 and vice versa.
The EU officials are deliberately dragging their feet on the negotiations and blaming the UK for it and a lot of stupid UK media are believing them and reinforcing the "May is useless" and "its all the UK Government's fault" scenario.
What her speech implies is a strengthening of the point that unless the EU27 get their act together the UK will quit and use WTO rules. From this it follows that since EU27 exports more to UK than the UK UK exports to EU27 , the UK will collect MORE tariffs than the EU27 will, so the UK will be better off for it.
So the speech strengthens the UK negotiation position.
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Personally I'm all in favour of getting out of that corrupt organization as quick as possible and reverting to WTO rules. Let the EU27 stew on that for a few years and they will probably come begging a trade agreement from the UK.