What exactly happens after «Brexit»? More than two months have passed since British citizens voted to leave the European Union, and the British government has so far not informed any details on how it plans to change the relationship with its most important trading partner.
Prime Minister Theresa May said on Monday that it is determined to ensure that a win-win deal to sign for the UK, but warned that "difficult times for the British economy is still ahead."
Motto Ms. Mei "Exit from the EU is a way out of the EU" does not explain anything special. The slogan was designed to convince voters that May, who campaigned for it to stay in the EU, will not attempt to change the results of the referendum.
Theresa May said that Britain will not copy the model of the agreements with the EU countries such as Norway and Switzerland. These countries enjoy preferential access to EU markets, but only in exchange for the acceptance of the right of free movement of EU citizens across their borders, as well as the consent of the cash investment in the EU budget.
Britain will seek to create an "individual model" of the transaction. Theresa May has made it clear that freedom of movement throughout the territory of the kingdom will not be available.
Ms. May has not specified when it will officially begin the process of exit from the EU, but clarified that until the end of this year, this just does not happen.
Complex trade negotiations
Britain hopes to use «Brexit» as the free trade the opportunity to negotiate around the world. But to achieve this may not be so easy. At the G20 summit in China the Prime Minister said that a number of countries, including South Korea, Mexico and Singapore have expressed their readiness to conclude an agreement with the UK.However, these countries account for a tiny fraction of the UK trade relations. Britain's biggest trade partners have expressed concern about its withdrawal from the world's largest single market.
Japan warned that in connection with the release of its EU companies can leave the UK.
The economy is still stable
The British economy showed no significant signs of slowing. The Bank of England cut interest rates and renewed stimulus program.
The pound traded at $ 1.33, more than 11% below the level it reached on referendum day. But the stock market has bounced back, retail sales are growing, the unemployment rate fell in July.
Based on materials WELTRADE