The UK currently has a great spot in the EU. It keeps it's own currency (a wise choice), it is not part of Schengen, it's fees are small for it's economy (e.g. Italy pays more), and all sorts of other exceptions.
The next deal will not be as good. In fact it will be considerable worse. As the UK does not have any leverage.
The EU can sort of manage without the UK.
But the UK outside the EEA would be much, much poorer.
The UK was on route to become Europe's biggest economy. But decided to follow a bunch of charismatic populists instead.
Re:Will Brexit break Emerging Markets' back?
by gallonofmilk on Sunday June 26, 2016 @11:08AM
(#11981092)
"a bunch of charismatic populists"... you mean 52% of the voting electorate? populist - a thinly veiled swipe at a group of people perceived to be less intelligent and too stupid to know what's good for them.
Re:Will Brexit break Emerging Markets' back?
by Brakenshire on Sunday June 26, 2016 @10:08AM
(#11980831)
London did the smallest amount of export trade with the EU of almost any area in the country. The regions that voted leave actually had far more reliance on EU trade.
Re:Will Brexit break Emerging Markets' back?
by physicalist on Sunday June 26, 2016 @09:51AM
(#11980760)
The elite in London is still there, still the ruling class. what really did the elderly achieve?
Labor and Conservatives just didn't take the concerns of the majority seriously.