He said: “That does not mean reversing Brexit or re-entering the single market or the customs union.
The political turmoil across the bloc and the impending inauguration of Donald Trump as US President means that any reversal of Brexit is unlikely in the next four years.
The US President-elect has in the past taken a hardline with the union and has threatened to impose tariffs on the EU unless they step up U.S. oil and gas imports.
In a post on Truth Social, Trump said: “I told the European Union that they must make up their tremendous deficit with the United States by the large-scale purchase of our oil and gas.
“”Otherwise, it is TARIFFS all the way!!!”
Interestingly, the odds of a second referendum in the 2030s are even shorter, with the odds of another vote in 2035 or beyond slashed to 2/9.
