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"No deal" Brexit is economically desirable for the UK.
There was a time when it was Tories who sneered at the poor, who deplored them as stupid and feckless. This was in the loadsamoney era of the 1980s, during which the market ruled and we were beholden to the whims of capitalists and the sainted market. There was even a time, many years ago, when the left spoke of principles, of democracy and liberty. How the roles have been reversed. How strange that it’s mostly conservatives who now talk in abstractions, and it’s the left that obsesses about the markets and worry about the FTSE 100, about their own money.<ref>[http://www.spiked-online.com/newsite/article/the-post-brexit-ugliness-of-the-left/18538 ''The Post-Brexit Ugliness of the left''] by Patrick West</ref>}}
There was a time when it was Tories who sneered at the poor, who deplored them as stupid and feckless. This was in the loadsamoney era of the 1980s, during which the market ruled and we were beholden to the whims of capitalists and the sainted market. There was even a time, many years ago, when the left spoke of principles, of democracy and liberty. How the roles have been reversed. How strange that it’s mostly conservatives who now talk in abstractions, and it’s the left that obsesses about the markets and worry about the FTSE 100, about their own money.<ref>[http://www.spiked-online.com/newsite/article/the-post-brexit-ugliness-of-the-left/18538 ''The Post-Brexit Ugliness of the left''] by Patrick West</ref>}}
== Article 50 ==
==Process for leaving the EU==
Despite British leaders' reluctance for achieving a "no deal" hard Brexit, Professor Patrick Minford of Cardiff University estimated that such an exit would actually cost the EU £507 billion with the UK gaining £641 billion.<ref>Montgomery, Jack (January 15, 2018). [http://www.breitbart.com/london/2018/01/15/study-no-deal-cost-eu-507bn-britain-gains-641bn/ Study: ‘No Deal’ Will Cost the EU £507bn, While Britain Gains £641bn]. ''Breitbart News''. Retrieved January 15, 2018.</ref>
=== Article 50 ===
The Article 50 document was signed by the Prime Minister of the UK, Theresa May, on the 29th March 2017. It was delivered to Donald Tusk (President of The European Council) who commented there was "no reason to pretend this was a happy day" especially as the UK had been integral to the European Union for 44 years.
The Article 50 document was signed by the Prime Minister of the UK, Theresa May, on the 29th March 2017. It was delivered to Donald Tusk (President of The European Council) who commented there was "no reason to pretend this was a happy day" especially as the UK had been integral to the European Union for 44 years.
If this is not completed within two years then it is likely that [[World Trade Organization]] rules would apply to any future trade unless all EU member nations agree to extending the negotiating period by up to one year.
If this is not completed within two years then it is likely that [[World Trade Organization]] rules would apply to any future trade unless all EU member nations agree to extending the negotiating period by up to one year.
==Negotiations==
===Negotiations===
The main concern of the British government is to ensure access to the single market for its banking and manufacturing sectors - both major income streams for the UK. Along with this the UK business sector are very concerned about the potential loss of EU (especially Eastern European) labour for many agricultural and low paid roles.
The main concern of the British government is to ensure access to the single market for its banking and manufacturing sectors - both major income streams for the UK. Along with this the UK business sector are very concerned about the potential loss of EU (especially Eastern European) labour for many agricultural and low paid roles.