Brexit hard & heavy

What the birds were tweeting about came true. British Prime Minister T. May will let the parliament vote about the Britain leaving the single market of European Union. May doesn’t want any restricted version of part membership in EU either. But that doesn’t mean that she wants to burn all the bridges. On the contrary, she wishes to seek a new business partnership not only with EU but also with China or the USA. Especially the United States are according to May the closest British partner.

One is asking a question why is Britain wishing to completely clear the positions on the single market of the old continent. The reason is that the island kingdom wants to fully control the number of people coming from the union and non-union countries. That was one of the main wishes of the British who voted for the BREXIT in the referendum. Variant of so-called hard BREXIT is by that getting sharper contours. European leaders will want to scare everybody who would want to follow Britain on its way out of the union. So the question stands how much will Britain suffer.

We think that in the end not so significantly. The majority of European countries have a balance of trade surplus with Britain. That means that the British islands are an important market for the continental Europe. Only a crazy person or the EU would willingly deprive themselves of the possibility to keep trading with Britain without barriers. Which is not saying that it is not going to happen. The EU has nothing to substitute the British market with. But Britain has a place to turn to – it can bravely compensate the loss of EU in America.