'What's the worst that could happen?'published at 15:14 British Summer Time 25 October 2017
Economic relationship with the EU
Select Committee
Parliament
"What's the worst that could happen?" ponders Sir Ivan, when considering the prospect of no deal being agreed with the EU by 30 March 2019.
"We become a third country, in the awful jargon of Brussels, so we have no more rights than Venezuala or Yemen in the EU market... because we've got no preferential treatment, we've got no legal agreement."