Brexit situation

The debate over the United Kingdom’s future within the European Union has been gripping for all Europeans, in or outside the EU. No one knows for sure what would happen now Britain has voted to leave, but there is little doubt that the consequences will be brexit situation across the continent.

European Union, and point out some important facts about the reality of the Swiss-EU relationship. Currently, as a member of the EU, the UK has full access to the Single Market. This means trading rights for British firms with no tariffs and a voice when regulations are determined. Indeed, our bilateral agreements do not provide for cross-border access in financial services. UK and its powerful financial services industry. In recent years, Switzerland has paid to help to integrate new members into the EU. We have also accepted EU standards on exported goods.

However, we have no control over these regulations and, unlike the European Economic Area countries, we have only limited access to the crucial meetings during which working parties design legislation. If the UK were to opt for this position, it would undoubtedly reduce Britain’s influence within the trading bloc. Immigration, of course, sits alongside the economy as the dominant issue in this debate. EU rules and regulations, including free movement. Switzerland voted to restrict immigration in a referendum in 2014 and is now negotiating a mutually acceptable safeguard clause with the EU. This is challenging, because the EU considers free movement one of its core principles. It therefore seems very optimistic to me for Leave campaigners to suggest EU member states will simply grant the UK full access to the Single Market while allowing you to opt out of free movement.

Countries wishing to enjoy the economic benefits of accessing the EU internal market are expected to adhere to the common rules on which this market is built. 120 bilateral agreements with the EU. UK will have to renegotiate its relationship with the EU, according to Article 50. If the UK wants to retain access to the Single Market, the European Economic Area, working alongside allies in Norway, would be the natural place from which to minimise damage to the UK economy. My sense is that, just like Switzerland, the UK currently has a unique deal which fits its specific situation and ambition. British case, by adding protections as a non-euro state to the opt-outs from Schengen and other justice measures, while retaining full access to the internal market. These views are not necessarily shared by City A.

Here is an easy-to-understand guide to Brexit – beginning with the basics, then a look at the negotiations, followed by a selection of answers to questions we’ve been sent. The UK has voted to leave the European Union. It is scheduled to depart at 11pm UK time on Friday 29 March, 2019. The UK and EU have provisionally agreed on the three “divorce” issues of how much the UK owes the EU, what happens to the Northern Ireland border and what happens to UK citizens living elsewhere in the EU and EU citizens living in the UK. It refers to a period of time after 29 March, 2019, to 31 December, 2020, to get everything in place and allow businesses and others to prepare for the moment when the new post-Brexit rules between the UK and the EU begin. It also allows more time for the details of the new relationship to be fully hammered out.