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Chequered tale

UK is stuck between a soft Brexit and a hard place

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Business Standard Editorial Comment
With the Chequers agreement, the United Kingdom finds itself between a soft Brexit and a hard place. Prime Minister Theresa May’s position looks shaky as two Cabinet ministers and a junior minister have resigned after the Cabinet approved the deal; President Donald Trump has conveyed, with characteristic brashness, his disagreement, only to backtrack. More to the point, businesses have no more clarity on what to expect come March 29, 2019, the cut-off date for Britain to exit the European Union (EU).

The Chequers agreement — the detailed document is due this week — merely sets out the terms on