Britain Heads for “Hard” Brexit

British Prime Minister Theresa May outlined plans for Great Britain’s exit from the European Union. Parliament will vote on the deal. The country won’t attempt to stay in the European single market or the customs union, but will pursue access. The customs union eliminates tariffs among EU members and imposes common tariffs on outside goods, and “The single market allows the free movement of goods, services and workers between members,” explains Deutsche Welle. “Immigration cannot be reduced without exiting it, although many have expressed concern about the economic ramifications of leaving.” Brexit supporters count on immigration controls to create more jobs for British citizens, despite reports to the contrary from economists. May added that Britain does not want to contribute to EU disintegration. Reactions among residents and businesses are mixed, but the details reduce uncertainty. Organizations and individuals will make their own plans accordingly. – YaleGlobal