Brexit budget report sets alarm bells ringing

The budget last week was a bland and pallid affair, designed to try to create an illusion of prosperity, a Potemkin Village of a performance.

Brexit is rolling along. With every passing day the outlook becomes clearer and clearer. It is clear that the UK government has no coherent approach to how it is going to manage the transition.

It is clear that the UK is deluding itself that the wilderness of tariffs and non-tariff barriers of the World Trade Organisation will somehow make it wealthier. It is clear it is heading for a hard Brexit.