Labour must wake up and offer an alternative vision for Britain’s future – not just more competence

They have done it. The right wing of the Conservative party has won a historic victory. The UK will be a sovereign “third country”, with a limited trade deal with the EU. The UK, rightwingers believe, has been reconciled to its true history as a nation of offshore islanders.

But they have also failed, according to their own terms. Theresa May’s “red, white and blue” Brexit is long dead, and a bad deal turned out to be better than no deal. The EU will not be supplanted by a great new Europe where British trade flows unimpeded; there are now frictions and barriers, not least in services. Any serious deregulatory move by the UK will be met with EU retaliation.

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