It was a bad idea to begin with and only got worse since only a few (bribes?) benefited. WHAT and HOW did UK benefit? By having the EU members' undesirables dumped on the UK? WHERE have all those billions of euros the EU collected through the years gone to? Can anyone specify where all those YEARLY hundreds of billions have gone to? What exactly did the UK get in return? (Just a bunch of undesirables leeching off the UK system and UK taxpayers)
Some here are suggesting the EU would seek retribution... really? What can the EU do, take back the thousands of undesirables dumped on the UK?
Will the EU try to boycott the UK? Or, a blockade? And all to coerce the UK to submit to the EU demands? Sit and wait for it. The UK has alliances with many other nations, the USA, Canada, France... etc, that won't tolerate EU trying to bully the UK or any other nation.