Mervyn King says more work is needed to show EU that UK is serious about walking away if no agreement is reachedThe UK needs to be better prepared for a “no deal” Brexit to show Brussels there is a “credible” alternative should the negotiations fail, a former Bank of England governor has said. They say after Brexit there’ll be food rotting in the fields. It’s already started | John Harris Read moreThe prime minister, Theresa May, has insisted “no deal is better than a bad deal”, indicating the UK would leave the EU and rely on World Trade Organisation rules after Brexit if what is on offer from Brussels proves unacceptable. King, now Lord King of Rothbury, told BBC Radio 4’s Today programme: “If you are going to have any successful negotiation, you have got to have a fallback position which the other side understands and believes is credible. “But it cannot succeed without a credible fallback position and that is something which I think is a practical thing that the civil service ought to be taking a lead on.

Source: The Guardian August 05, 2017 08:04 UTC