HALISTER1: Eurasia Says U.K. Norway-Style Deal With EU Less Likely Now

Eurasia Says U.K. Norway-Style Deal With EU Less Likely Now

(Bloomberg) -- Former London mayor Boris Johnson’s decision not to stand in the Conservative Party leadership race will probably make it more difficult for the U.K. to reach a deal with the EU, Eurasia analysts Mujtaba Rahman and Charles Lichfield write in client note.
  • Now, the contest will be between Theresa May and Michael Gove who are both more hawkish on immigration, which will make a deal that preserves the U.K.’s membership of the Single Market harder to achieve
  • Johnson has been pro-immigration and would have been more likely to renege on the Leave campaign’s commitment to control EU immigration to ensure near-full membership of the Single Market
  • NOTE: Timeline of what happens next after U.K. vote to leave U.K. here
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Boris Johnson (United Kingdom of Great Britain and Northern Ireland)
Charles Lichfield (Eurasia Group Ltd)
Michael Gove (United Kingdom of Great Britain and Northern Ireland)
Mujtaba Rahman (Eurasia Group)
Theresa May (United Kingdom of Great Britain and Northern Ireland)

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