Brexit Dreams, Meet Cold Hard Reality

Economist
The Brexiters’ case is that Britain is held back by Europe: unshackled, it could soar as an open economy that continued to trade with the EU and all round the world. That is possible in theory, but as our briefing (see Briefing) explains, it is not how things would work in practice. At a minimum, the EU would allow full access to its single market only in return for adherence to rules that Eurosceptics are keen to jettison. If Norway and Switzerland (whose arrangements with the EU many Brexiters idolise) are a guide, the union would also demand the free movement of people and a big...