Brexit talks not going as hoped, says former Bank of England governor Lord King

He told BBC Newsnight: “If you’re going to enter a negotiation, it’s actually very important to make sure that the other side of the table knows that you have a fallback position that you’re capable of delivering.

“That requires you to make clear publicly what the fallback position is.

“We’ve been waiting for over a year now and I must say that I’m not terribly impressed by how much of that fallback position has actually been stated, been implemented, and whether it’s actually being managed properly within the civil service and the Government.

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