Blog No. 104. After Brexit, Now What?
Blog No. 102, “Brexit: Arguments, Consequences and the Trump Factor,” expressed our view that, while the burdens on Britain of membership in the EU were genuine, they were far less than the costs and risks of leaving. Our tone, however, was cautionary rather than alarmist:
The Brexit proposal will be put to the voters in a referendum on June 23, and to the questions “What will happen?” and “What will it mean?” there is clearly only one answer: no one really knows. Without attempting predictions, our view is that if the vote is to leave the EU, the risks to Britain, the EU, and ultimately the United States, could be significant.
Well, we now know what happened, and to some extent why, but what it will mean—for Britain, the EU, global markets and the United States–is something that still no one really knows.Read More »Blog No. 104. After Brexit, Now What?