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Pro Brexit campaigners stand with signs outside the Houses of Parliament. Photo: Dinendra Haria/SOPA Images/LightRocket via Getty Images

The Washington Post has a good look this morning at the consequences Britain could face from Brexit: it could be tougher to stop terrorists from entering the country, harder to keep strong sanctions against Russia, and more difficult to maintain strong military spending.

Why it matters: Britain is locked in on Brexit, with a departure date of March 29 — but it's not clear how many people who voted for Brexit knew it could lead to all of these consequences.

Between the lines: Here's why Brexit could lead to these outcomes, per policymakers and analysts interviewed by the Post:

  • Security could be tougher because British police and counterterrorism officials have been able to use a European Union database to check people at border crossings and traffic stops — but E.U. officials say they probably won't be able to keep sharing that much information with a non-member.
  • Britain has had a large role in shaping E.U. sanctions policy, and has made it more hawkish — but that influence will end when it leaves the E.U.
  • And if it takes an economic hit from Brexit, it won't have as much money to spend on defense. (One warning sign for Britain, per the Post: Vladimir Putin is encouraging as hard and fast an exit as possible.)

Go deeper

Janet Yellen confirmed as Treasury secretary

Janet Yellen. Photo: Alex Wong/Getty Images

The Senate voted 84-15 to confirm Janet Yellen as Treasury secretary on Monday.

Why it matters: Yellen is the first woman to serve as Treasury secretary, a Cabinet position that will be crucial in helping steer the country out of the pandemic-induced economic crisis.

Dan Primack, author of Pro Rata
4 hours ago - Economy & Business

Scoop: Red Sox strike out on deal to go public

Illustration: Sarah Grillo/Axios

The parent company of the Boston Red Sox and Liverpool F.C. has ended talks to sell a minority ownership stake to RedBall Acquisition, a SPAC formed by longtime baseball executive Billy Beane and investor Gerry Cardinale, Axios has learned from multiple sources. An alternative investment, structured more like private equity, remains possible.

Why it matters: Red Sox fans won't be able to buy stock in the team any time soon.