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It will indeed be interesting to see how those trade negotiations pan out.  Schauble et al cannot afford to allow British business to gain a competitive advantage by not having to make a financial contribution and being less tied up by regulations.  That would be to destroy the rationale for the EU altogether.  

In addition, a dramatic devaluation of the £ would already give British business a major advantage, and possible a short term growth spurt.  So I have to disagree with you.  The elites may be connected ideologically (and in some cases financially), but specifi elites, tied to specific enterprises, are in competition against each other and would be very sensitive to the other side gaining an advantage.

So I see the negotiations as very fraught:  Conducted against the background of £ devaluation and a lot of nationalistic crowing on both sides, and above all determined by commercial interests. German exporters will still want access to the UK market, but do have other markets to look to.  British exporters, not so much. NZ, Australia, Brics, USA etc. are a poor substitute for the single market.

It comes down to relative power, and despite Brexiter dreams, the Brits don't have it any more.

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by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Thu Jun 16th, 2016 at 06:43:49 AM EST
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