Here’s what happens next with Brexit

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After the December 12th election in the UK, Brexit is back at the front of politics. Prime Minister Boris Johnson’s Conservative Party now has a majority of 80 seats in Parliament. Before the election, he had struck a deal with the European Union (EU) on Brexit but failed to get it passed in Parliament as he did not have enough votes. With his new majority, he hopes that it will now, as he says, ‘get done’. 

Here is how things should play out in the next few weeks:  

Parliament has to reopen the Withdrawal Agreement Bill (a treaty that has to be turned into UK law by ratifying it in Parliament), that covers the terms on which the UK will leave the EU.

Then, if the bill passes, the UK will leave the EU on 31 January 2020. 

The whole of the next year will be a ‘transition period’. This means that the UK’s trade relationship with the EU will remain the same until they decide on new terms for trade, law enforcement, security, data sharing and a whole host of other arrangements. 

If a trade deal is done in that time, then the UK and the EU will move into a new relationship.

But if no deal is secured, then the UK would be operating with no agreement, and its exports are likely to face many checks, taxes and tariffs to see that they meet EU standards. 

Please click here to read about all that has happened on Brexit so far.

Brexit Update

 

What is Brexit?

 

What’s going on with Brexit?

 

Deal or no Deal! Renegotiating BREXIT with Boris Johnson.

 

What’s new with Brexit?

StayCurrent with our video!


Written by: Pereena Lamba. Pereena is a freelance writer, editor and creative consultant. She is also co-author of Totally Mumbai.

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