Mrs. May is the successor as Prime Minister to David Cameron after he stepped down following the referendum favoring Great Britain’s exit from the European Union. Pressure coming the inside of the country and EU headquarters in Brussels are in contrast with the little commentary May has provided on the approach and timeline in which ‘Brexit’ will occur. It seems that her strategy so far is to provide her government –full of Brexit supporters- as much time to plan and implement a negotiating tactic. May declared that she won’t officially start negotiations until the first quarter of 2017. The complexity and influence of Brexit is so large that tough decisions will have to be made in every aspect. However, the main challenge will be to achieve a healthy balance between establishing sovereignty without falling into economic isolation. Some of the most prominent issues are: the control of borders, immigration policies and the ‘passporting rights’ in the financial sector. Britain demands to keep the ability to offer their financial services (the 10% of their gross domestic product) freely through the EU while still having full control on immigration. The EU has been clear: Britain is either in or out. No special treatment will be given. Mrs. May has promised to respect the referendum result and invoice article 50 to leave EU. Britain’s goals are clear but not the game strategy. So far, Britain is only playing the waiting game.
Read full article on: