UK formally leaves European Union after 48 years

>> We don't want anything to do with them in the context of an EU replacement

>> We are not getting the Empire band back together

CANZUK would have no political union component so how can you maintain the EU and especially the British Empire comparison?

Norway is in EEA. For most (all?) economic purposes, being in EU, EEA, and Switzerland is equivalent. The same rules, procedures, responsibilities, and privileges apply whether the country is a member of EU or EEA.

>If they decide to rejoin at some point, perhaps the EU could demand elimination of the pound.

The Guardian speculated in 2013 (http://www.theguardian.com/business/economics-blog/2013/jun/...) that if Britain had joined the Euro the first time:

* The mid-2000s British housing bubble, and its collapse in 2007, would have been even bigger.

* Britain would have had to ask the IMF, ECB, and EU for loans.

* The Tories would in 2010 have promised a referendum to leave the Euro and won a majority. Labour would have won fewer than 100 seats, and UKIP would have "made spectacular gains".

* The anti-Euro side would have won the referendum, and the currency would have collapsed.

* "after a deep and painful recession economic recovery began".

* "Britain would have destroyed the euro on departure, and would now be on the point of leaving the EU altogether. The idea that Farage might be the next prime minister would be quite credible."

>I remember the day after Brexit passed my high school friend who was then working on her PhD in international theory asking how the government could revert such a decision. It seemed like the most out of touch ivory tower thing to say, and made me suspect of what educational institutions are teaching people these days.

It's pretty clear in retrospect that part of what drove the Labour collapse in 2019 (In some Red Wall seats the Tories didn't have to gain a single vote to win) is Remainers who disliked the idea (whether explicit among Lib Dems, or implicit among much of Labour) of ignoring a democratic vote in 2016. That's why another referendum was so unpopular, because no one believes that it would not be rigged against Leave.[1]

People here calling the outcome of the referendum "racist" and "evil" conveniently forget the weeping and wailing that began the night of the referendum. By the next morning we were confidently told by the press and Reddit as a whole that millions of Leave voters were already regretting their vote, and that another referendum was thus the only fair/democratic/correct thing to do. (That even if such millions of Regretters actually existed that does not mean that a revote would occur is a minor technicality.)

People also forget how anger on Leavers' part against delay on Brexit did not become significant until 2019. The Supreme Court agreed that there was reasonable basis for the Miller case, and (more controversially) unexpectedly ruled for her in the second Miller case. But Leavers understandably came to see both lawsuits as part and parcel of an unrelenting attempt on Remainers' part to stop Brexit by any and all means, whether legitimate or not. The fact that Miller actively campaigned for revoking Article 50 didn't help the Remain cause, and discredited her claim during the first case that she wanted to protect parliamentary sovereignty.

Those who in other circumstances might have supported a "People's Vote" didn't, because they saw it as yet another attempt to delay and prevent Brexit via Neverendums. I think Leave would have won another referendum conducted under the circumstances of the first one, but Leavers understandably didn't trust the People's Vote folks to implement another referendum in any way that Leave can again win. Not after 3.5 years and counting of shenanigans such as the Miller case.

[1] Even supporters of same, no matter what they said. That's why they were for it.

How does that multilateral free trade treaty works?

You'd still need the same bureaucracy compiling the norms, except instead of doing it once for 27 countries you'd do it 27 times.

See how long it took to create other agreements like the EU/Japan, EU/Canada and failed EU/US.