Bloomberg

Welcome to the bright side of Brexit

The sun rises over a fishing trawler in Fleetwood, England, on Oct. 20, 2020. Foto: Bloomberg/Ian Hodgson

Britain's exit from the European Union's single market is expected to cause significant disruption and cost. Yet the upheaval is also supposed to yield opportunity.

The case for Brexit, which convinced a majority of voters in the 2016 referendum and helped Prime Minister Boris Johnson win power, leaned heavily on the purported long-term benefits of being outside the now 27-member EU. They range from new regulatory freedoms, an independent trade policy and a stricter immigration system to reinvent the labor force...

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