The UK should terminate the EU talks forthwith by withdrawing the Art 50 notice.

The current BREXIT negotiations are an irresoluble mess. The immediate costs of withdrawal will be enormous, and the long-term debilitation of the UK economy even more serious. Sterling will continue to fall in value, because of all the commercial uncertainty. The negotiations, instead of constituting a single bargaining process, have been converted, by ill-advised agreement, into a two-stage process, in which the EU has sole control of future progress. We should seek another way ahead.