Overview of Possibilities

Main Possibilities The four main possibilities are A hard Brexit with immediate customs duties, costs, widespread chaos and disruption across all UK related trade with unpredictable knock-on effects happening on 31 ...

Hard Brexit

Overview Still the default option Both under EU and UK law Due to take effect on 31st October 2019 (postponed to 31st January 2020) Parliament seems opposed EU seems determined to avoid Involves a sudden big bang one time changes Numerous laws and ...

Revoke Remain

Overview The UK may unilaterally withdraw the notice to leave The UK remains in the EU All laws remain the same Preserves all existing trade agreements Political implications Legitimacy issues A second referendum ...

Withdrawal Agreement Ratified

Overview Withdrawal Agreement approved by EU &  UK Government Rejected by Parliament three times and PM May resigned WA or variant may be ratified No deal Brexit on 31 October 2019 (postponed to 31 January 2020) unless agreement or extension ...

Customs Partnership

Overview The Labour Party policy No customs duties, customs controls nor origin checks Limited scope to enter trade agreements with third countries Greater power to regulate economic activity Level playing field ...

Single Market and Customs Union

Overview Back to 1992 (more or less) Norway, Iceland and Liechtenstein status Plus customs union No customs duties No declarations of origin or customs control No/ very limited freedom to enter trade agreements The ...

Single Market

Overview; Membership of the EEA Same relationship as Norway, Iceland and Liechtenstein No customs duties on most goods Some Customs cooperation Declarations required for exports and imports UK freedom to enter trade ...

Free Trade Agreement

Overview The UK Government’s preferred option Reflected in the EU UK future relationship declaration No customs duties on most goods Customs cooperation but declarations required on exports and imports Certificates ...
error: Content is protected !!