The Waugh Zone November 28, 2016

But when it comes to the exact shape of Brexit, the FT has had a stab at what it may look like. It picks up on the line from Sir Jeremy Heywood, who asked his top team in the immediate aftermath of the Brexit referendum this star question: “What is our leverage?” The FT comes up with four areas where the UK has a strong hand: contributions to the EU budget and security, invaluable UK trade with EU firms, a ‘hard Brexit’ would damage the EU more than the UK, tactical opportunities to divide the EU 27.

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