A smudged grey
As long as the architects of Brexit can avoid taking responsibility by blaming the lackluster outcome on sabotage by “Remoaners” or the intransigence of Brussels, May will continue to soldier on. She’s betting that the country will at some point tire of Brexit and that a settlement will be reached that most Britons will be able to live with, allowing Britain to move on to other subjects.
Why Theresa May is a great prime minister
By: Dalibor Rohac – American Enterprise Institute
…or clear black and white
Instead of black or white, what is on offer from the position so painstakingly agreed at Chequers is grey. The chorus of voices explaining why it risks pleasing no-one has been loud and insistent, although far from consistent. One answer might be a second referendum, another to walk away with no deal; EFTA membership has reared its head; and various kooky schemes for customs arrangements have been put forward.
A paler shade of grey? It is hard to see how any in-between version of Brexit can prevail
By: Iain Begg – LSE
The economic impact thus far
How have equity markets responded to news about Brexit? […] The bulk of the fall occurred on the night of the referendum, with little movement afterwards, suggesting little additional “news” from subsequent developments beyond the immediate aftermath.
Fog in the Channel? How have equity markets reacted to Brexit news?
By: Srdan Tatomir, Iryna Kaminska, Marek Raczko and Gregory Thwaites – Bank of England
[…] higher inflation [resulting from the depreciation of sterling] has led to a decline in real wages and a fall in living standards. Our estimates imply that by June 2017, the vote to leave the EU was costing the average UK household £404 per year.
The price of Brexit
By: Thomas Sampson – LSE
