Monday, 19 November 2018

Brexit: a mess that will be resolved


The UK's plan for Brexit seems like a mess that the UK Prime Minister is facing coup from her party as well as her cabinet. Around 23 MPs have submitted letters to the backbench 1922 Committee, and a leadership contest requires at least 48 MPs' letters. The reason for the chaos in the UK is the pro-Brexit politicians made some unrealistic promises about the Brexit plan and the negotiation with the European Union before the referendum. Now their promises cannot be delivered by May's proposed Brexit plan which is more realistic than their promises; in order to make their voters satisfied, these pro-Brexit politicians have to fight against May's proposed plan and make her plan look like a much more compromised version. The anti-Brexit politicians will also fight against May's proposed plan and make Britain impossible to negotiate reasonable terms with the European Union and force the Parliament to start another referendum and hope the British people will vote for staying in the EU this time. Therefore, all politicians do not like May's proposed Brexit plan, leading to the chaos in today's UK politics.

However, such mess will not last very long because the European Union has a deadline for Britain to make its final decision; therefore, this is not an infinite horizon bargaining game. This bargaining game has a smallest unit and the terms are discrete not continuous; so any allocation is possible in the game, which means any outcome is possible in the Brexit negotiation. I think that May would eventually gain the support from the pro-Brexit politicians, as the pro-Brexit politicians cannot allow another Brexit referendum which would be a disaster for their political career, especially if the British population changes their mind. On the other hand, the anti-Brexit politicians will not support May's proposed Brexit plan under all circumstances if they are consistent with their political belief; however, if Brexit is inevitable, then for the good of Britain, they also have to support May's proposed plan to avoid a divided nation.

Overall, at the current stage, May could only receive very little support within the Parliament; however, once the time is approaching the EU's deadline, May will receive more and more support from the pro-Brexit politicians and potentially some of the anti-Brexit politicians.

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