The two Chinese characters for “crisis” (Wei Ji or danger opportunity) neatly summarise the challenge for Theresa May’s government on trade.
The danger lies in the possible threat to our services, Single Market access, and the “passporting” of London-based businesses. The opportunity is in bringing back in-house, after 40 years of outsourcing, all our trade agreements; of focusing more on growth markets; and of revitalising the Commonwealth through trade. What’s the balance between the danger and the opportunity?