The financial markets had a rude awakening on Prime Minister Boris Johnson’s first day back at the office. Instead of using his new parliamentary majority to push for an ambitious trading relationship with Europe post-Brexit, Johnson doubled down on his election pledge to rush ahead and complete trade talks next year, suggesting there will be either a bare-bones deal or no deal at all. Either way, that would be bad for the U.K. economy. The Brexit deal struck by Johnson in October allows for a one- or two-year extension for more considered trade negotiations; Johnson is waiving that option. Instead, his Withdrawal ... (full story)