Europe Should Give May's Brexit Plan a Chance

Britain’s endless self-inflicted turmoil over Brexit has taken a fresh turn, with Prime Minister Theresa May’s new plan for a post-Brexit trade agreement and the resignations of key ministers from her government. She’s accused of betraying those who voted for Brexit, and her leadership might soon be challenged. The prospect of a maximally disruptive “hard Brexit” draws ever closer.

Yet May’s plan, despite the ructions in Westminster, might be the best hope for avoiding the chaos of such an exit.

After months of dithering, the prime minister has finally thrown her support behind a so-called soft Brexit — one that leaves much of the U.K.’s economic relationship with the European Union intact. She wants a free-trade area based on the EU’s rule book for goods. Together with a customs partnership (which would require the U.K. to collect tariffs on the EU’s behalf), this could remove the need for a physical border between Ireland and Northern Ireland — avoiding one of the greatest dangers aroused by this ill-conceived project — and allow close-to-frictionless trade in goods between Britain and Europe.

Services wouldn’t be covered — an enormous drawback for an economy like Britain’s, which depends on that sector. And the movement of people between the U.K. and Europe would remain contentious. For both reasons, May’s plan is plainly inferior to simply reversing the Brexit vote and remaining in the EU. Unfortunately, with time running out before exit next March, there’s little public support for a second referendum and no plausible path to that result. For now, a close economic partnership like the one May is proposing might be the best that can be done.

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