Smooth Hard Brexit
Acting as a cushion to the harder rhetoric, May’s commitment to put the final deal to Parliament leaves a chink of opportunity for those who would prefer a different plan. But what would happen if Parliament voted against it? Would Brexit be cancelled or would there be a new plan? Secondly, let’s not forget that the Supreme Court judgment on whether Article 50 can be invoked without Parliamentary approval remains to be announced. Finally, the promise of ‘a smooth, orderly Brexit’ (read: transition period) goes some way to assuage fears of a cliff-edge impact once the (surely unachievable) two-year Article 50 period expires. But of course, this point remains to be agreed with the EU. It is clear that the process of exit still has some way to run, potentially deferring some of the economic impacts on the UK.