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As a result of the historic Brexit vote, the United Kingdom has found a new prime minister in Theresa May. As the new U.K. leader, May has a long to-do list, not least ensuring the U.K. economy does not fall into recession, owing to the economic uncertainty created by the Brexit vote.

Aside from temporarily injecting some fiscal stimulus into the economy, what May must absolutely do before anything else is begin and conclude Brexit negotiations with the EU as quickly as possible. Until this process is complete, it will be impossible to negotiate any trade agreements with Canada, the U.S....

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  • Patrick Leblond is a CIGI senior fellow. He is an expert in global economic governance and international political economy, regional economic integration, financial regulation, and business and public policy.