The U.K. and Europe can’t exactly go their own ways once their divorce is finalized. On trade, customs, defense and the global flow of capital, the European Union and its cross-channel neighbor will continue doing business after Brexit. The question is, how?
“The Norway model (also employed by Iceland and Liechtenstein) is getting a lot of attention as a potential path for the U.K. But while that would preserve most economic ties, it would also retain many features of EU membership that the British people rejected, such as free movement of labor and paying into the European budget. That’s the dilemma for policy makers.” — Bloomberg