One of the main things confounding clear thinking on Britain’s future relations with the EU is the short-term uncertainty arising from the Article 50 exit process. The model it appears to have in mind starts with a so-called hard exit: All Britain’s rights and obligations in the EU cease. The exit process ought to minimize the frictions in moving from membership of the EU to this new and still close relationship. It depends what you mean by “access to the single market”, a term that’s used too loosely. And that, in a nutshell, is what Britain should aim for in its future relations with the EU—an enhanced free trade agreement.

Source: Mint September 06, 2016 21:56 UTC