
The day that the United Kingdom has planned to leave the EU will be here sooner than the UK will realize, that day is March 29th 2019. Many politicians don't believe that this will happen because of non-agreements over trade relationships and other various plans set out (hard boarder control, financial stability, etc). Labour leader Jeremy Corbyn said, "UK's objectives were "no clearer" after "20 wasted months. (BBC)". While EU Commissioner Lord Mandelson said, "Theresa May is dancing on the head of a pin that simply does not exit and it will be painful for the country as a result (BBC)". They might be right because many of the countries in the UK aren't agreeing at all with Theresa's ideas for how the UK should move forward or what they should add. Many of the firms aren't happy with the plan because Theresa wants to move out of a single market and stop passporting. Passporting means that a Firm or a bank in the EU can freely trade with another company or Firm outside of the EU. When this ends, it won't be just affecting the businesses in the UK, but american companies who have firms set up in the UK and banks in the UK as well. The UK is now looking at not only leaving the EU but aligning itself right along side it. Theresa May wants to use some of the rules and regulations from the EU for financial stability because it would be best for the UK. If Theresa wants to diverge from the EU, it would be in her best interest to get the rest of the politicians and other countries on the same page because otherwise there will be a major delay in Brexit.
By: Blythe Derickson
Sources:
Theresa May says UK can “set example to world” in Brexit deal. (2018). Retrieved March 7, 2018, from http://www.bbc.com/news/uk-politics-43288043
Brexit: Theresa May urges EU to buy into “ambitious” vision. (2018). Retrieved March 7, 2018, from http://www.bbc.com/news/uk-politics-43277176
I've read about this on BBC! This was a very well done post.
ReplyDeleteIt would be extremely nerve-wracking for UK citizens and business owners to be facing all of these unknowns while counting down the minimal days left until BREXIT takes effect. As an investor or foreign business owner, I would be very hesitant to put my money into UK ventures in this time of uncertainty.
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