Why Article 24 Is No Soft Landing for a No-Deal Brexit
It’s a solution that’s already been rejected by the EU and the WTO.
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The prospect of a no-deal Brexit is back and British politicians are fighting about just how disruptive a hard break from the European Union would be. Boris Johnson, the front-runner in the race to become prime minister, is arguing that the worst consequences of leaving the European Union without a withdrawal accord could be avoided. He says a no-deal Brexit can be softened by bringing an arcane bit of trade regulation, called Article 24, into play. The problem is the EU, the World Trade Organization and many in the U.K. say it doesn’t work.