After Brexit

Published in French and English editions, Pervenche Berès has pleased to send to you issue 148 of the Revue d’Économie Financière (REF), which focuses on “After Brexit”, and has been coordinated with Sylvie Matherat, former deputy director general of the Banque de France and former member of the executive board of the Deutsche Bank group.

Bringing together 19 authors and 17 articles, including a newly created section entitled “Finance and Literature” and a “Financial History Chronicle”, this issue is divided into three chapters:

- Why Did We Get to This Point?

- Brexit State of Play: Almost Two Years After the Breakup, Where Do We Stand?

- What Is To Be Done?

Six years after the referendum that decided Brexit, this issue of the Revue d'Économie Financière proposes to take stock of the extent of developments to date and the various prospects for the future, both from the point of view of the United Kingdom and the European Union.

This period of time seems sufficient, particularly given the neutralization of the Covid years, to take a forward-looking and dispassionate look at the changes to be expected.

After a general article that places this referendum in its historical and political context and proposes an analysis of the underlying reasons for this event, this issue focuses on the following two main themes: the economic, commercial and financial consequences as they are manifested today and the possible developments, particularly from the point of view of the European Union, which must take the initiative again on a certain number of subjects for which the departure of the United Kingdom marks a definite break.

This issue of the REF shows how Brexit, from an economic and financial point of view, has been technically managed in the most efficient way possible. It explains the stakes in defining an optimal cooperation framework while all the conflicting issues on both sides of the Channel have not yet been resolved and each side will take a new look at legislation that until now was identical.