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One would presumably follow the other.
For instance if the UK entered into a free trade agreement with the US.
user62119-
Of course, we could renege on these, but it’s not a great way to start our new existence- international pariah.
@Dammit good way to ensure that any borrowing would go through the roof too. A country that's happy to ignore obligations does not make for a trustworthy one. UK debt goes from investment grade towards junk...
duncs
How would the UK have done that?