Short-term Brexit disruption is a price worth paying—Britain can thrive on the outside

A great deal of the economic commentary about Brexit remains focused on the immediate future. But the key economic question relates to the longer term. How well will Britain’s economy adapt to rapid changes and the innovations of the future?

There are of course influential people who do not like to see capitalism being innovative, in ways that can be hard to control. It is this comfort blanket view of the world which surely lies behind MIFID II,…