WITH problems increasing on a daily basis for Mrs May’s Brexit deal with the European Union and instability in several European nations, the time is ripe for a radical re-organisation of the global economic situation.

Tuesday’s parliamentary vote on Mrs May’s deal had been due to take place facing a brick wall with projected losses estimated at between 100 and 200 votes.

May’s last stand is to claim that she is implementing the people’s vote in the referendum, but the public at large reject her plan to which there is also widespread opposition from Labour, the Scottish Nationalists and the DUP.

Clearly Mrs May is losing her grip and facing an unlikely survival.

A no-confidence vote in May by Conservative MPs would lead to a leadership contest.

There are plenty of candidates ­— Johnson, Rudd, Javid, Raab, Rees Mogg and others, all of whom lack credibility and the final outcome, in the hands of the Conservative Party membership would, in probability, result in the re-election of Mrs May.

This could, in turn, result in a second referendum or even a General Election.

With a second referendum the country would remain deeply split and a vote marginally in favour of remain would be divisive and could even lead to civil unrest.

With a General Election, Corbyn would likely be elected on a manifesto of renegotiating Brexit which he would not be able to carry out and his party is deeply divided. Further negotiation with the European Union is not an option.

There is general agreement that a “no deal” outcome would be disastrous for Britain.

A huge amount of work has gone into this, but people would suffer with major hits to business and widespread job losses.

We have already experienced a 20 per cent reduction in the value of the pound.

Furthermore getting rid of “the backstop” is a non-starter.

And the Northern Ireland border situation, which few had heard of when they voted, remains a difficult and controversial issue.

The stakes are high, even culminating in the breakup of the United Kingdom as the populations of Scotland and Northern Ireland are predominantly remainers.

The nations comprising the EU are increasingly unstable with severe economic difficulties in Italy, Greece, Spain and Hungary; civil unrest in France, the end of the Merkel era in Germany and the rise of extremism and nationalism with high youth unemployment.

The politicians have failed to come up with viable alternative strategies to that of Mrs May’s proposed deal.

One possibility not hitherto aired is the formation of an English speaking nations economic union with free trade comprising, the UK, the USA, Canada, Australia, and New Zealand.

The combined population would be 423 million, greater than that of the remaining twenty seven countries in the EU.

The uniform English language would be a big plus.

The economic output would be huge and there would be the best universities in the world.

Comprising of five nations rather than 27 would bureaucratically be advantageous.

A contribution of two per cent of the gross national product of these nations could provide strong defence at a time when the EU is discussing building its own military outside of NATO.

Thomas V Taylor