The IMF is right: hard Brexit is an international threat

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Crashing out of the EU is an extremists’ gamble – not just for the UK but also for Britain’s close neighbours

There is always a sense of “they would say that, wouldn’t they?” when a state-funded global agency that promotes free trade says that a hard Brexit would be bad for everyone.

That was the International Monetary Fund’s stance before Britain’s referendum on European Union membership, and in the wake of the vote the Washington-based lender of last resort to near-bankrupt countries (most recently Argentina) has, unsurprisingly, stuck to its line.

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