Brexit: Groping in the Dark
Posted by jonathanfryer on Sunday, 18th September, 2016
it’s almost two months since the British electorate voted by a slim majority to leave the European Union, but even though the new Prime Minister Theresa May emphatically declared “Brexit means Brexit”, no-one seems any the wiser what Brexit will entail — least of all the three men who have been chosen to deliver it: David Davis, Liam Fox and Boris Johnson. Last night, at the Liberal Democrat conference in Brighton, a panel that included Jacqueline Minor from the European Commission’s London Representation, Timmy Dooley from Ireland’s Fianna Fáil and Manfred Eisenbach from Germany’s FDP grappled with the possible outcomes. EU leaders have made clear that Britain cannot expect to enjoy access to the European Single Market unless it accepts freedom of movement, and it’s difficult to see how that circle can be squared. Outside of the EU the U.K. may therefore have to apply to join the World Trade Organsiation and abide by WTO rules, but that would mean it having to negotiate bilateral trade deals with most of the rest of the world, as well as with the EU. First, though, it would have to disentangle itself from EU membership. It took Greenland (technically part of Denmark) three years to withdraw and they only had to deal with fishing. The UK’s withdrawal would be infinitely more complicated and is likely to take much longer. Only after that could new trade deals be finalised, which could take many years as well as adversely hitting the UK economy. Everyone on last night’s panel agreed that one has to respect the outcome of the EU Referendum; one couldn’t just run it again, in the hope of getting a different outcome. But it would be perfectly feasible to put the new trade deal — whenever it is reached — to the vote, at which point people might realise Britain would be better off staying in the EU. That is indeed the line being premoted by the LibDem leader Tim Farron, who got a standing ovation at a packed rally earlier in the evening.