Theresa May confirmed this weekend what I suggested recently, that hard Brexit is not a possibility but a decidedly odds on probability. To put it another way, she did not put Johnson, Davis and Fox in charge of Brexit for no reason: she put them in charge so that they would have their way.
I do despair.
I despair of the small mindedness of it.
I despair for those who feel worried for their security as a result of it.
I despair because of the isolation inherent in it.
I despair because no one has a clue what it means.
And I despair because I have little confidence in those who are negotiating (or not) for the UK.
In effect we're on our own now.
And overall that's not been proven to be a great place.
And yes I know we can have a more active industrial policy.
And short cut QE.
And maybe control some aspects of the free flow of capital.
But in the overall give and take I still think this is a fundamental error of judgement we'll regret one day. And I would love to be proved wrong.