No Model Is Optimal for Britain's Post-Exit Ties to EU

Proponents of a British departure from the European Union face a challenge that doesn’t confront those arguing for the status quo. They must reassure voters that leaving won’t create economic turmoil. As part of that, they have to lay out their expectations for the U.K.’s future relationship with a bloc that in 2014 accounted for 44% of its exports.

No member state has ever left. The only partial precedents—Greenland in 1985 and Algeria’s departure upon independence from France in 1962—aren’t helpful. Still, leaving the…

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