Brexit is going on Friday yet very little is changing ... for the time being
Brexit is going on Friday yet very little is changing ... for the time being
Descriptions
The U.K. might be leaving the European Union on Friday, however its association with the coalition isn't changing until further notice.
This implies if, one week from now, you need to fly from London to Milan or you are shipping French items to the U.K., there will be no distinction from how things have been accomplished throughout the previous barely any years.
The U.K. quits being an individual from the EU at 11 p.m. London time on Friday, and a progress period will start from that minute ahead. Essentially, the U.K. will in any case be dependent upon European laws and rules, it won't have casting a ballot rights around the EU table, however it will be permitted to grow new exchange plans with different pieces of the world.
This will be the situation until the finish of 2020, in any event.
The change time frame is additionally intended to give EU and U.K. mediators more opportunity to diagram their future relationship. This will remember new plans for angling, security, information sharing and the general exchange of merchandise and enterprises.
Data published in July showed that trade between the 27 remaining European countries with the U.K. represented 5.2% of the region’s total trade in 2018. In comparison, the U.K.’s trade with the other EU countries represented more than half of its total trading volume in the same year, underlining the importance of new trade deals for the Brits.
The same report showed that the EU-27 was the top trading partner of the U.K. in 2018, whereas the latter was only the third biggest country for EU trade, after the U.S. and China.
The U.K. government will hold a special meeting in the north of England and Prime Minister Boris Johnson will speak to the nation on Friday evening.
There will be a light display in Downing Street — the official residency of the prime minister, with a clock counting down to 11 p.m. Other U.K. political buildings will also be lit up.
The U.K.’s Union Jack flag will be flown on all flag poles in Parliament Square, the area in front of the U.K. Parliament. And lastly, a commemorative Brexit coin will come into circulation.
Meanwhile, on the European side, there are no events planned, apart from a press statement Friday morning.
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