Chubby Chequers

As the Cabinet meets once more at Chequers, the PM's country home, let's twist again like we did in February. That meeting ended in victory for both Brexiteers and Remainers, as it always does when the language is fuzzy enough for fudge. Relative calm in GBP markets suggests more of the same is expected.

And why shouldn't it? Since then, all we have had is a lot of noise from the politicians, many threats, but no-one willing . . .

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