Brexit Is Dead, Long Live Brexit: How Britain Can Still Finalize Its European Divorce
The only real threat posed by a hard Brexit is the prospect of cataclysmic technical barriers being thrown up, like the nonrecognition of British commercial aircraft licenses in the EU. But of course these too cut both ways. It’s hard to imagine EU airlines giving up their precious landing slots at London’s Heathrow airport, which have been $75 million for a single slot. Or EU banks giving up access to London’s capital markets. When Britain’s prime minister Theresa May took office in 2016 with a pledge that “Brexit means Brexit,” she held ...
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