The UK government strategy for Brexit is becoming clear. Even though roughly half of UK immigrants come from non-EU countries, in orders to control the other half, the UK will leave the single market. It will also not be subject to the European Court of Justice. A week ago Prime Minister May suggested this and sterling fell below $1.22 for the first time since last October. The general thrust of the comments was echoed by the Chancellor of the Exchequer Hammond over the weekend, with an added seemingly implicit threat to compete through lower corporate taxes if the EU negotiations force the UK to seek other ... (full story)