When the US was obsessing about the then-still-not-exactly President Trump and his tweets about Congressman John Lewis, I tuned it out, and tuned in instead to the politics of the Mother Country. The Bank of England's Governor Mark Carney on Jan. 15 said that the country's consumer spending has held up well since the Brexit referendum, a fact that seems to have surprised him. Consumers are "entirely looking through Brexit-related uncertainties." Stiff upper lips and all that? More important, Prime Minister May gave an important address about the direction her government will take in executing the UK's exit from the EU. There have been talk of a so-called "soft Brexit," which would presumably entail retaining many of the benefits of membership in the EU while throwing off the liabilities. The leaders of other European nations had made clear their displeasure at that idea, and there developed a consensus that it wasn't going to happen. May ackn...