English: Risk Assessment Methodology Flowchart showing different steps, input and output of this steps (Photo credit: Wikipedia)

Don’t rely on the heavily biased British media, read the minutes of the Brexit Parliamentary Select Committee. Significantly, it reports that the Government has not carried out economic assessment of ‘no deal’.

Source: ‘No deal is better than a bad deal’ claim unsubstantiated – News from Parliament – UK Parliament

There are two interpretations. Firstly, the Government has risk assessed the downside-risk of a ‘no-deal’ and recognized that it’s political and economic suicide, so they’ve buried it, shot the messenger or sent author back to rework his sums. Secondly, the Government has been negligent and ignored strategic best practice and risk assessment tools (see flow chart). Either way, Theresa May and her government are looking a bit flakey right now and liberal observers will be alarmed at the march to the right of the political spectrum.

Whatever you may think of individual members of the parliamentary select committee, their views are increasingly important.

Thoughts?

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