Brexit outcome should be one that both parties can accept

Singapore

AFTER the failure of the European Union Salzburg summit to agree to UK Prime Minister Theresa May's Chequers plan for withdrawal, the chances that Britain will leave without a deal have risen significantly. The sooner policymakers on both sides realise this the better.

Relations between Britain and the remaining 27 members of the union will further sour if this struggle to craft a deal (which would be unlikely, in any case, to pass through the UK Parliament) is allowed to drag on. The consequences for a future Europe under pressure to prosper in an increasingly unpredictable world economy could be disastrous.