It will largely reject the authority of the European Court of Justice, even though some form of cross-border dispute settlement is an inevitable feature of an interdependent world. It will probably leave the European Single Market, one of the deepest and most successful experiments in globalization.
the E.U. recently demanded that Britain agree to a stiff “exit bill” before other negotiations start. The bill would reflect E.U. spending projects to which Britain previously committed, plus pension promises to E.U. bureaucrats; the amount remains unknown, but the most frequently cited estimate is about $60 billion — roughly what Britain spends annually on defense.
.. Meanwhile, May is stalling Scotland’s loud demandsfor another independence referendum. But the Scots, who voted to remain in the European Union, will not be reconciled to Brexit if they are denied a say in whether it applies to them.
.. A surprise recovery in the world economy has concealed the economic cost of Brexit; for the moment, British industry benefits from the post-referendum collapse in the exchange rate but has yet to pay the price of lost Single Market access.