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May’s Brexit Deal Is Not the Answer

Editorial Board of Bloomberg, (2018), “May’s Brexit Deal Is Not the Answer”Bloomberg, 15 Νοεμβρίου

U.K. Prime Minister Theresa May announced Wednesday that she has secured her cabinet’s support for her plan to leave the European Union. The choice now, she said, is her deal, “or leave with no deal, or no Brexit at all.” Put that way, the right choice — the only sane choice — is more obvious than she perhaps intended: no Brexit at all.

The terms of May’s deal prove the folly of the whole endeavor. Support for Brexit in the referendum of 2016 was narrow; for months, emerging details about what quitting the EU would mean have been changing minds. May and her cabinet have kept going regardless. This sleepwalking to disaster needs to end. Parliament should reject the plan, and, with or without May as prime minister, press for a second referendum to reverse this historic error.

Few dispute that May’s deal would damage the economy, in particular by removing services (by far the country’s biggest economic sector) from Europe’s single market. It would also burden businesses of all kinds with persistent uncertainty, by leaving longer-term trading arrangements with Europe unsettled. To justify these and other losses, Brexit supporters had hoped for greater control over the country’s affairs — but the deal provides the opposite. Even limited membership of the single market, which the agreement includes, involves EU control across a wide range of policy — and after March next year, Britain would lose its say in what those policies should be.

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