It is likely, although not certain, that the United Kingdom will leave the European Union. What remains highly uncertain is the direction that British economic policy will take, leading up to, during and following any Brexit process, and whether such an exit will be a single event or a series of adjustments stretched out over a number of years. There is also uncertainty about how the European Union will configure its policy towards the UK and about how the UK will, or should, react to any retaliatory action by the EU. (...More...)
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