Exit is not easy. Ask Britain.

"The Brexit debate is an endless source of mirth for anyone with a dark sense of humour," wrote Prof B Eichengreen. Why? Because Brexiteers were predicting that the UK economy will grow much faster without the shackles of stifling European rules, while economists were predicting that Brexit will "deeply damage the British economy". "People in this country have had enough of experts," said Michael Gove, current Education Secretary. In the early stages there was no recession as the Bank of England cut interest rate and the pound fell, making exports cheaper. But now things have changed. Expecting prices of imports to rise with the fall of the pound people increased their spending. Now they have so much debt that they have to cut down. Rising cost of imports has increased retail inflation to 2.9% so that savers are predicted to lose 1.5 billion pounds in the value of their savings. Plans revealed by UK government Brexit negotiator, David Davis,  show how Britain is wriggling to keep free trade like now but stop unrestricted migration with EU. There are suggestions to keep a 'back door' between Northern Ireland and the Republic of Ireland, so that goods and people can move freely without check. Vince Cable of the Liberal Democrats thinks that there is a chance that Brexit may never happen. To make matters worse, the International Monetary Fund predicted a lower growth rate for the UK economy. It is 10 years since the global financial crisis and the countries are doing much better economically. Banks are much better regulated but "there will inevitably be another financial bubble", wrote Prof J O'Neill. He thinks that this time it will be led by companies which are resorting to share buybacks to increase returns of shareholders. Increasing 'shareholder value' is tied to compensations of company CEOs so they concentrate on short term gains instead of investing in long term growth, wrote J Nocera. Persistent extremely low interest rates are building asset price bubbles, wrote A Nageswaran. He thinks that there are "real estate, stock market and junk bond bubbles around the world". Global economy is in a perfect zone where it is growing at around 3.5% per year with persistently low inflation. Even the Bank of International Settlements thinks that inflation will remain low because labor has lost the power to bargain for higher wages. Central banks are stuck with low interest rates which are encouraging reckless borrowing and creating asset price bubbles. With all the uncertainty of global economic outlook Britain is having to negotiate how to leave the European customs union. How successful it will be will depend on answers to 4 questions regarding whether it will be richer, fairer, more open society where citizens have more control over their own lives. Perhaps, Brexit will not happen at all.