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ARTICLE · 23 SEPTEMBER 2016

BREXIT: A Vision

Transitional arrangements to ease the UK's departure from the EU have ended.

LuxembourgInternational Law

It's 2025. BREXIT has been hard.

Transitional arrangements to ease the UK's departure from the EU have ended. The UK's final agreement with the EU 27 could be categorized as Switzerland minus: a limited agreement covering specific areas of access to the free market for goods, but not services. Several free trade agreements beyond the EU 27 will be finalized soon according to the government and will bring new opportunities. However the macroeconomic situation triggered by real BREXIT has made negotiating these agreements even tougher. The pound has slumped to its lowest ever level against the major currencies and continues downwards. The economy is stagnant and the Bank of England seems to have run out of tools to stimulate growth. The UK's goods are now so cheap outside the UK that cars and other products are streaming out to the continent and beyond. The only limitations on the UK's exports are the restricted capacity of the UK's factories, the high cost of imported

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