The markets, however, had anticipated Parliament’s refusal to vote for the deal negotiated by the government. Investors seem to believe less and less in the Brexit fairy-tale. Either way, three years on, the facts speak for themselves: coming out of the European Union is complex and costly, as the British are now finding out.
Theresa May, who is trying to keep all sides happy on this English and Northern Irish political chessboard would do well to read once again Winston Churchill’s famous saying: “an appeaser is one who feeds a crocodile, hoping it will eat him last”. Except that, in her case, Brexit could swallow her up for good. 29 March is still in the cross-hairs, but no-one dares to think about the hard Brexit that would be triggered by political deadlock in the United Kingdom.