Can the EU and U.K. survive a breakup?
The United Kingdom’s vote to leave the European Union is the worst setback Europe’s leaders have suffered during more than half a century of painstaking efforts to bind that continent together economically and politically. It was wholly unforeseen and ran counter to the bulk of expert advice, which warned that a British exit would badly hurt the U.K. economy. But foes of the EU dismissed the warnings as overblown, argued that “Brexit” is essential to regain control of immigration and said the U.K. can compensate for a loss of trade with Europe by negotiating deals with other parts of the world. As the new government of Prime Minister Theresa May ponders what to do in the aftermath of the Brexit vote, leaders across Europe are wrestling with their own crisis—how to hold the Union together and protect the continent’s fragile economy. Among the issues under debate: Can the EU survive without Britain? Will the U.K. prosper outside the European Union? Can London retain its place as a global financial center?
Connolly, Bernard, “The Rotten Heart of Europe: the Dirty War for Europe’s Money,” Faber & Faber, 1995. A senior economist for the European Commission was sacked for writing what became the classic insider exposé about the drawbacks of the common currency.
Hannan, Daniel, “A Doomed Marriage: Why Britain Should Leave the EU,” Notting Hill Editions, 2012. A Conservative member of the European Parliament, who is an articulate and thoughtful opponent of the European Union, argues that the entire edifice should be dismantled.
Judt, Tony, “Postwar: A History of Europe Since 1945,” Heinemann, 2005. A British historian provides a wide-ranging account of postwar Europe that recounts the formation of the European Union in easily comprehensible language.
Young, Hugo, “This Blessed Plot: Britain and Europe from Churchill to Blair,” Macmillan, 1998. A history of Great Britain’s relationship with the rest of Europe by a journalist from the generations of Britons who enthused over the EU as a means to bring peace to the continent.
“Britain’s New Prime Minister: May Time,” The Economist, July 16, 2016, http://econ.st/
Davis, David, “May’s new chief Europe negotiator David Davis lays out plans to take us out of EU,” The Sun, July 15, 2016, http://tinyurl.com/
Johnson, Boris, “I cannot stress too much that Britain is part of Europe – and always will be,” The Daily Telegraph, June 26, 2016, http://tinyurl.com/
Partington, Richard, and John Glover, “Brexit May Cut Investment Banks’ Revenue by $8 Billion, BCG Says,” Bloomberg News, July 15, 2016, http://bloom.bg/
Reports and Studies
“The Economic and Financial Costs and Benefits of the EU’s UK membership,” House of Commons Treasury Committee, May 2016, http://tinyurl.com/
“The Economic Consequences of Brexit: a Taxing Decision,” Organisation for Economic Co-operation and Development, April 2016, http://tinyurl.com/
“European Union Finances,” Her Majesty’s Treasury, 2015, http://tinyurl.com/
“HM Treasury analysis: the immediate economic impact of leaving the EU,” Her Majesty’s Government, May 2016, http://tinyurl.com/
“HM Treasury analysis: the long-term economic impact of EU membership and the alternatives,” Her Majesty’s Government, April 2016, http://tinyurl.com/
“Top 100 EU rules cost Britain $33.3bn,” Open Europe, March 2015, http://tinyurl.com/
“Uncertainty Clouds the United Kingdom’s Economic Prospects,” IMF Survey, International Monetary Fund, June 17, 2016, http://tinyurl.com/
Dartmouth, William, “Inconvenient Truths about UK Trade and the EU,” Institute for Direct Democracy in Europe, 2016, http://tinyurl.com/
The Next Step
European Migrant Crisis
Parfitt, Tom, “Theresa May WILL slash EU migrant numbers after Brexit, Tory chairman vows,” Daily Express, July 24, 2016, http://tinyurl.com/
Shackle, Samira, “Brexit fallout: Anti-migrant attacks surge in the UK,” Al Jazeera, July 25, 2016, http://tinyurl.com/
Szakacs, Gergely, “Hungary’s migrant referendum shows Europe’s post-Brexit challenge,” Reuters, July 1, 2016, http://tinyurl.com/
Chazan, David, “Jean-Claude Juncker admits Brexit talks cannot begin in months as there is ‘no deadline’ for Britain to invoke Article 50,” The Telegraph, July 25, 2016, http://tinyurl.com/
McAuley, James, “With Britain’s exit from the European Union, France sees an opening,” The Washington Post, July 18, 2016, http://tinyurl.com/
Taylor, Paul, “EU authority fraying in reaction to Brexit vote,” Reuters, July 5, 2016, http://tinyurl.com/
Free Trade Questions
“North American leaders defend free trade amid Brexit, Trump,” Chicago Tribune, June 29, 2016, http://tinyurl.com/
Murphy, Joe, “Brexit: Free trade with the EU is now ‘pie in the sky,’ Theresa May is told,” Evening Standard, July 21, 2016, http://tinyurl.com/
“Brexit heightens uncertainty in global economy, says G20,” The Guardian, July 24, 2016, http://tinyurl.com/
Finch, Gavin, “Banks Face Brexit Bill of $66,000 Per U.K. Employee Moved Abroad,” Bloomberg, July 25, 2016, http://tinyurl.com/
Matthews, Chris, “IMF Say Brexit Will Batter the Global Economy,” Fortune, July 20, 2016, http://tinyurl.com/
Centre for European Reform
14 Great College St., Westminster, London, SW1P 3RX
+44 (0) 20 7233 1199
A think tank “devoted to making the EU work better, and strengthening its role in the world. We are pro-European but not uncritical.”
Rue de la Loi, 200 -1049, Brussels
00800 67 89 10 11
The head offices where staff employed by the European Union are based. For inquiries, it’s best to use the Web address.
European Commission (London office)
32 Smith Square, London, SW1P 3EU
+44 20 7973 1992
The office that coordinates EU activity in the U.K., and will continue to function until Brexit is complete.
7 Tufton St., London, SW1P 3QN
+44 20 7197 2333
An influential “Euroskeptic” or anti-EU think tank that describes itself as “the go-to source for real-time analysis on breaking European affairs, delivered by our experts as events unfold.”
3rd Floor, 11 Tufton St., London, SW1P 3QB
+44 20 7340 2200
A “center-left,” pro-EU think tank whose purpose is to promote and develop social democractic politics across Europe.
U.K. Department for Exiting the European Union
A new government department, responsible for handling the Brexit negotiations. Its address and contact numbers will be posted on its website when the department has been set up.
U.K. Department for International Trade
Another new government department, responsible for negotiating the trade agreements that the U.K. will sign when it has left the European Union. Its address and contact numbers will be posted on its website when the department has been set up.