Tough negotiations lie ahead between the EU and UK, but Europe is best placed, argues Jacob Funk Kirkegaard in this excellent article published originally by leading think-tank, the Peterson Institute for Economic Affairs.
The conclusion should worry the British people, namely:
Europe is headed for a tough negotiation in which Britain has few good cards to play
So given the uncertainty and risks ahead, the UK needs a safe pair of hands in its next prime minister to unite party, country and deal effectively with European allies – this must be Theresa May. By comparison, Leadsom is lightweight, divisive, with zero cabinet office experience.
Expect financial markets to react favorably to May as UK PM but a Leadsom win will certainly trigger a new free fall.