The Tax Take: Businesses are waking up to Brexit reality

British politicians have failed to understand that trade will be the biggest loser if there is a hard Brexit

Theresa May speaks to the media in Salzburg earlier this month PIc: Getty

One of the dilemmas facing future historians will be to pinpoint exactly when the Brexit negotiations between the EU and Britain went off the rails.

Was it when, in 2017, David Davis, the British negotiator, lost his arguments about the sequence of discussions, before discussions had even really got under way? Or was it at the November 2017 fudge, when all the parties declared that sufficient progress was being made on the Northern ...