Home United States USA — Financial Theresa May lost the Brexit vote because Brexit was a lie

Theresa May lost the Brexit vote because Brexit was a lie

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May was tasked with negotiating a deal that neither she nor anyone else could deliver on.
UK Prime Minister Theresa May spent months negotiating a deal with the European Union on the terms of Brexit, Britain’s exit from the EU.
On Tuesday, the UK Parliament voted to reject the deal by a resounding 432-202 margin — the largest legislative defeat any prime minister has suffered in modern British history.
May’s defeat should dispel any illusion that there is a happy ending to the Brexit story. The truth of the matter is that the project that defined May’s premiership — negotiating a Brexit deal acceptable to both the EU and pro-Brexit legislators in her Conservative Party — was structurally impossible. The terms on which Conservative Brexiteers wanted to leave the EU were not acceptable to EU negotiators, and the compromises necessary to bring EU negotiators on board were not acceptable to Conservative Brexiteers. No amount of negotiating could address this dilemma.
May’s tenure in office — which appears likely to continue for some time, despite the Brexit deal’s devastating defeat — was premised on the lie that she could work out a Brexit deal palatable to all sides.
Now, in the clarifying light of this vote’s failure, it’s time to be honest. Barring a dramatic and unexpected change, there are two plausible outcomes to the Brexit drama. Either the UK exits the EU without a deal by the March 29 deadline, which virtually every expert agrees would result in economic catastrophe, or else the country pulls back from the brink and decides to remain in the EU.
These options aren’t what the Brexiteers promise, but it’s difficult to envision any other ones after the failure of May’s deal. To quote another famous Conservative prime minister: There is no alternative.
Theresa May was not prime minister when the initial referendum on leaving the UK was held back in June 2016. Her predecessor, Conservative PM David Cameron, had supported staying in the EU. His gamble was that UK voters would vote to stay and the pressure to leave from Conservative hardliners and the far-right United Kingdom Independence Party (UKIP) would dissipate.
That’s obviously not what happened. The Leave campaign won principally by manipulating British xenophobia, but also by making a series of grandiose promises: Britain wouldn’t be hurt economically by quitting the EU’s common market; in fact, it would stand to regain hundreds of millions of dollars a week to spend on its health care system. Britain would have no problem getting out of shared EU regulations; Brexit would “take back control” of the legal system.
Some of those promises, like the health care spending numbers, were exposed as lies the day after the Brexit vote. But the British people had just voted to leave the EU to usher in utopia, and Theresa May was brought in to make that a reality.
To do so, she would need to thread a needle: somehow minimize the hit to the British economy by keeping as much access to EU markets as possible while simultaneously removing the UK from as many EU rules and regulations as possible to fulfill the “take back control” promise.

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