Brexit Vote and Patrick Leblond

brexit negotiations: By Patrick Leblond Fri., July 15, 2016 As a result of the historic Brexit vote, the United Kingdom has found a new prime minister in Theresa May, according to The Toronto Star. As the new U.K. leader, May has a long to-do list, not least ensuring the U.K. economy does not fall into recession, owing to the economic uncertainty created by the Brexit vote. If May doesn't quickly negotiate the U.K. exit from the EU, May may be the last PM to preside over a United Kingdom, writes Patrick Leblond. Aside from temporarily injecting some fiscal stimulus into the economy, what May must absolutely do before anything else is begin and conclude Brexit negotiations with the EU as quickly as possible. In this sense, it is important to remember that the negotiating stances adopted by these economic partners will depend on the type of economic relationship the U.K. will have with the EU. Furthermore, the U.K. is legally forbidden from officially negotiating free trade agreements with other countries as long as it remains a member of the EU. As long as businesses, investors and entrepreneurs do not know what the new rules of the game look like, they will pivot to countries other than the U.K. to launch new ventures or grow existing ones. Until this process is complete, it will be impossible to negotiate any trade agreements with Canada, the U.S. and other key players in today international trade architecture. (news.financializer.com). As reported in the news.