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[Scoobes]

MoHasanie said:

JRPGfan said:

So basically the UK is dependent on the EU for almost 50% of its trade.

And now its going to end up paying more for that trade.

Ofc things will continue as they have, the thing is the UK is going to pay more for it.

But you see, both economies are barely growing. Growth has been slow for both after the 2008 crisis, and lowering trade with your biggest partner only hurts you even more. It just doesn't make sense to decrease trade. I think we will probably just see the UK make a Norway style deal with the EU, which would continue to allow the UK to have full access to the European market. 

Economically this makes the most sense for both parties, but politically the EU countries need to make it look like the UK is in the shit and signing up to the free movement of people that Norway signed up to will piss off some of the people who voted to Leave (who voted on the assumption we would have complete control of our borders). That will weaken the position of the government in charge of the negotiations when the next general elections comes around.