Rathbones Brexit Decision Tree update: A second referendum is a more likely outcome

'Can-kicking, bare bones agreement'

There are still many unknowns, but with new information starting to emerge in the last month, Rathbones' Ed Smith gives an update to Rathbones' Brexit Decision Tree.

In August, the Rathbones' Brexit decision tree suggested our 'never-ending story' was the most likely scenario. By this we meant a Brexit deal de minimis, with the salient details to be hammered out during an extended negotiating period. We now know that such a deal is the only deal the government intends to present to Parliament. Despite its 585-page length, the current agreement is little more than a series of declarations of intent to negotiate. It is so light in detail it doesn't actually contain the phrases "financial services" or "single market" - we almost refused to believe it wh...