Philip Stevens in the Financial Times notes the hollow ring to Brexit and writes 'The prime minister has adopted “Global Britain” as an official mantra. No one has explained quite why abandoning influence in Europe will enhance Britain’s standing elsewhere. Logic travels in the other direction. As for trade, Germany sells quite a lot to China from within the EU. Never mind. Whisper it ever so quietly but Downing Street’s sights are being lowered. Ministers are starting to admit that Britain simply cannot afford a sharp, clean break with the EU.'