UK after Brexit

The promise of a referendum on membership of the EU featured in the Conservative party memorandum before the last election.  When the referendum took place, the “leavers” were = unexpectedly – successful.  The Great Reform Act provided for the embodiment of EU law in domestic law, but it is contemplated that many of the provisions will be repealed.  The Brexit terms are yet to be negotiated; various options are being canvased – the Turkey option, for example.  It seems unlikely that the EU will give free access to its market without free movement of people.  The UK is planning to leave the customs union and negotiate a separate deal with the EU and other countries.  It is expected that VAT will remain substantially unchanged as far as domestic transactions are concerned.  Many of the EU Directives are expected to cease to have effect in the United Kingdom.  The EU rules on State Aid may also go – at any rate to some extent.  The UK as a base for holding companies is expected to survive.  The “non-dom” rules and the tax treaties will remain, but the status of EU nationals living in the United Kingdom, and of UK citizens living in EU countries, is uncertain.  Everything will of course depend of negotiations now in progress, but it seems likely that the UK will not get a better deal than that enjoyed by EU members.