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Brexit is likely to herald fundamental changes in the operation, scope and practice of EU development policy, due to the UK’s key role in leading and defining the geographical and sectoral remit of policy, and through its provision of large-scale funding. Through a focus on the EU’s relations with the African, Caribbean and Pacific (ACP) Group of States, this article explores these potential impacts. It highlights the importance of the timing of Brexit in relation to the contemporaneous renegotiation of EU–ACP relations and the EU’s Multiannual Financial Framework and argues that the focus on static impacts of Brexit, in terms of removing the UK from the ‘EU equation’, overlooks the broader dynamics of political economy in which it is situated. Through the analysis of the anticipatory adjustments and discursive dynamics in EU development policy that articulate the pursuit of material interests, the article helps understand both the dynamics of Brexit and the broader transformations in which it is located.

Her research focuses on feminist political economy, gendered pro-poor development strategies, UK aid policy and the external relations of the European Union with Africa, the Caribbean and the Pacific (ACP) Group of States 2 DISCIPLINARY NEOLIBERAL FEMINISM, RISKS AND INCENTIVES: A CASE STUDY OF MICROFINANCE This article develops an analysis of the concept of disciplinary neo-liberal feminism through a focus on gendered poverty alleviation strategies and specifically a case study of microfinance. By locating this study within an analysis of the expansion of global capital accumulation, the article argues that the liberal frameworks of female empowerment and entrepreneurialism that are central to these programmes and to feminism in this form, mask their underlying political, social and economic objectives. In contrast, a Marxist Feminist approach more adequately explains the interplay of class and gender that underpins poverty alleviation strategies. This article argues that in the context of financial crisis and reduced social provision, poor women in the Global South were identified as new spaces of expansion for global finance. Their integration into global financial networks via microfinance and other pro-poor strategies has facilitated the expansion of markets for credit while at the same time disciplining market participation through the twin forces of risk and incentive. Disciplinary neo-liberal feminism has underpinned this incorporation of women into global capital accumulation creating profound effects for households and families, with microfinance programmes representing important sites of contestation for the politics of class and gender.

Development cooperation relations between the European Union (EU) andAfrican, Caribbean and Pacific (ACP)

Debates about Brexit draw on powerful discursive mechanisms that have important implications for the UK–Africa, Caribbean and Pacific aid relationship. Some of these narratives can be characterized in the following ways: first, that Brexit is an opportunity to recreate a Global Britain after a period of EU membership that saw the UK neglect its former partners, particularly the Commonwealth. Second, the costs of EU membership are profligate and these funds could be better utilized by the national government. Third the Brexit ‘divorce bill’ is a penalty exacted by the EU for the UK's decision to leave. This article explores these claims via the EU‐ACP relationship, and proposes three counter arguments. First, the discourse of ‘neglect’ overlooks the external relationships the UK has maintained through EU membership. Second, these relationships have provided ‘value for money’ for the UK. Third, these contributions represent a significant proportion of the Brexit ‘divorce bill’ and are on‐going financial commitments that the UK was central in establishing. The article then reviews the potential impact of Brexit on UK aid, arguing that rather than reinvigorating Global Britain Brexit threatens to undermine the UK's position in global development, current levels of aid and longstanding commitments to eradicate poverty.