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. 

I stated earlier that I'm no expert. I've posted nothing about economics, Brexit, or really anything of substance since mid 2010 BUT I don't mind people discussing things they aren't experts on. We all have an opinion on something, educated or not. In any discussion, be it economics, video games, or the best way to put a saddle on a cat, somebody's going to know less than somebody else. That's just the way it is.

Thank you for this, the panic in the last two days has been absurd.

I really dunno how the next election will go, Labour has a useless far left leader incharge which will hurt them along with losing 50 guarenteed seats in Scotland they relied on and SNP whislt not enough to do anything themselves it makes everything else more unsure,  A lot of conservative MP's pushed for a Leave vote and may of lost trust especially if Boris somehow gets into number 10 and could split the voting for conservatives, Leave voters could switch to UKIP taking the votes from Labour and Conservative across the country. People could try go back to Lib dems taking an handful of seats from all other parties again not giving them enough to do anything but making sure no one has a majority.

I think conservatives will still take the biggest share but not close to a majority and the only thing that could be certain is a hung parliment in the next election.

So everyone has lost with this and there is not a single gain, brilliant UK, brilliant.

Now let's see how Scotland and North Ireland goes away and the United Kingdom disapears, how england gets more isolated and conservatist than ever, how young generations deeply hate the older ones for worsen their future and how London feel ashamed of its own country till the point some even talk about indepence as crazy as it sounds. Brexit has been a complete success for everyone. For everyone that loves to see things burn.

But hey! Independence is such a cool word.

"IF there is no negotiated exit deal within 2 years of triggering of article 50, the UK is out, period. No deal applies. Membership ceases and UK rights under the treaties simply do not apply anymore. This is so UNLESS all 28 unanimously agree to extend the negotiation deadline."

Boris says the UK won't trigger article 50 until late 2017 but as you can tell, EU wants the UK out as soon as possible, I don't think we'll have to wait that long for article 50 to be triggered.

I doubt the voters had been made aware of this little detail, which is why I agree with the remain camp when they say the leave voters had been misled, one way or another.

UKIP stole as much from Labour as they did from the Tories. Labour's chances of success will now depend on whether they can get rid of Corbyn and install a leader that can actually win back support and appeal to the centre/centre-left. 

I also don't see UKIP going anywhere if we do sign up for free movement of people as they'll see it as a betrayal of sorts. I don't see any single party getting an outright majority next time around. The Lib dems may even see a bit of a resugence if they stick to their "EU return" pledge which could further split the vote. 

Isn't a very narrow view to just take a economic aspect of the Brexit. It sounds like the OP is saying that you need to be an expert in global finance and economics to be allowed to speak about the Brexit so what about the legal, historic and political aspect should people be experts in all this to be "allowed" to talk about the brexit ?

Even if I agree that EU will need to find a reasonable agreement with UK it can't be too reasonable for political reasons. What message would EU send to the 27 other countries if it is just ok to leave the EU like this. So what UK would like we say french " avoir le beurre l'argent du beurre et la crémière".

Plus I can't talk about Germany but in France (I am from Switzerland and in Geneva we have acces to french medias) there's a lot of people for a "hard line"with UK. On the other side there's also Mélenchon (communist) and Marine Lepen (extreme right) that want to leave EU (well Mélenchon wants to leave or change EU).

That's kinda missing the point though. They get to decide which direction to push things in. If there are 2 sides of a particular issue, they can simply offer 10 laws that favour 1 side and none that favour the other. Probably 1 of those might get passed through the sheer chaos and randomness of the vote.

It's a way of diluting democracy. You need to be able to fire the people who make the laws the have proper accountability.