If the Government strikes a Brexit deal with Brussels based on the current Chequers plan the Liberal Democrats will oppose it, Sir Vince Cable has warned.
Speaking to a fringe meeting at his party’s conference, Sir Vince said “we are not going to buy it,”where he received loud applause.
He said the party’s 12 MPs – with one exception – were “solid” in their determination to stop Brexit.
Mr Cable, who was business secretary in David Cameron’s coalition government, said the Chequers deal had an “enormous hole in it” because it did not include services – which make up 80% of the British economy.
The Chequers plan was a “second best solution” to the issue of frictionless trade in goods but was based on a “very, very complicated mechanism,” he added.
And Mr Cable said he could not vote for it even if the government claimed the only alternative was a no deal Brexit because there are “better alternatives”.
The move is yet another sign that the Chequers plan, which would keep the UK tied to EU rules and regulation with no say on their application, is quickly losing support.
Last week, former Brexit Minister Steve Baker said that as many as 80 Conservative Party MPs were prepared to vote down the deal if it comes to the floor of parliament.
Focus is now turning to alternatives to the government’s Chequers plan, with a report released earlier this week which indicated the no deal would merely leap the UK into a normal trading scenario on WTO rules, which would boost the British economy through trade.