I had dinner with an old friend last night, and one of the topics of conversation was Brexit, he’s of the view that the Government will negotiate a transition period which will be like the EEA and close a deal during the transition either the same or maybe like Ukraine’s. In this case, we may well then decide we want to re-join once we know what the final deal is like and they reckon the EU will let us back in. We’d probably lose the rebate, immunity from the Euro and being outside Schengen.
Soft-Brexit?
Probably we’d lose the opt-out from the Stability & Growth Pact.