How Brexit Means EU Loses Cash, Influence, Might: Six Charts
- EU’s budget will suffer when Britain stops contributing
- Because of U.K.’s size, its exit will reduce EU’s global reach
Holger Schmieding Sees Parliament as Last Word on Brexit
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The U.K.’s impending departure from the European Union means the rest of the bloc is saying goodbye not only to its most awkward member, but also to one of its richest countries, with its biggest defense budget and its most successful financial-services hub.
With Theresa May vowing to trigger Article 50 of the Lisbon Treaty to start two-year exit negotiations in March, here are six charts showing what the EU will lose when the U.K. eventually walks away.