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President Donald Trump and British Prime Minister Theresa May at the White House, Washington, Jan. 27, 2017 (AP photo by Pablo Martinez Monsivais).

Learning to Live With Uncertainty, a Year After the Shock of Brexit

Wednesday, June 28, 2017

It is hard to believe the degree of shock most of us felt this time last year at the outcome of the Brexit referendum, given everything that has transpired since then.

The resentment many Britons felt toward the European Union was no secret, nor was the fact that London’s relationship to Brussels had historically been lukewarm at best. But for all its flaws, the EU was a known commodity. Brexit, in contrast, represented a deep tangle of unknowns, both economic and political, with most of the debate being over the extent of the damage and devastation it would wreak on the British economy. Most observers—and pollsters—expected that British voters, in weighing the reassurance and security offered by a familiar if imperfect arrangement against the menacing threat of disorder, would “come to their senses” before it was too late. ...

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