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‘No strategy!’ Professor says Brexit team STILL not ready as EU talks just two days away

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THERESA May’s Brexit blueprint has been bashed ahead of divorce talks with the European Union, as an economics professor said the UK is not ready to take on Brussels.

Richard Portes, professor of economics at London Business School, told CNBC Britain was not prepared to enter exit talks with the European Union as the strategy was not ready yet.

He said: “We don’t have a strategy yet. The story is we will come along with a generous offer about EU citizens resident in the United Kingdom.

“That, of course, would be a negative for Mr Macron who is hoping to get back some of the French who are currently here.

“So no, I don’t think we are ready. How can you be ready when you don’t even have a Government yet?”

Prof Portes also said Mrs May’s EU exit talks with Brussels could come up short if the negotiating parties could not agree on the Brexit bill.

He said: “It could be a very short meeting if there is no agreement whatsoever on the status of EU residents here and our residents on the Continent and if there is no agreement on at least the principles of trying to calculate what the exit bill is.”

It comes as a Swedish MEP told Express.co.uk the EU’s house of cards will collapse if Eurocrats try to punish the UK for Brexit.

Peter Lundgren, of the Sweden Democrats, said: “It is very hard to say, there is always a possibility, of course, they are quite unpredictable to deal with in this house.

“If they try to punish the UK for having the guts to leave this project, then I think the crack in this house will be even bigger, it will fall together like a card house.

“I mean, if you and I, we went to join as a member in a club or something, we are always free to leave that club when we want.

“Of course it should be the same with the European Union. And I think the UK has a lot of guts now, they are as usual the first ones.”

Mr Lundgren brushed off doomsdays scenarios of Brexit, as the MEP said he believes it will open up new opportunities for the UK.

He said: “We saw them come to Europe’s rescue during the wars and now we are seeing them taking the first step of leaving the European Union, but not leaving Europe.

“Britain will still be there, we will still be good neighbours, we will trade and we will have agreements together.

“I think actually, in the end, I am convinced it will be a good thing for the UK. I think they will have a lot of benefits from being free to do their own deals.”