Share on LinkedInShare on LinkedIn

ARTICLE · 02 MAY 2019

Brexit … Exit Or No Exit?

Almost three years after the UK's 2016 referendum to exit the EU ("Brexit"), there is no UK agreement on the substantive terms of exit or its timing.

European UnionGovernment, Public Sector

Almost three years after the UK's 2016 referendum to exit the EU ("Brexit"), there is no UK agreement on the substantive terms of exit or its timing. It is clear, however, that Brexit is causing devastating economic loss and unemployment, particularly in UK's motor vehicle industry.

The exit plan agreed to by UK/EU leaders has been repeatedly rejected by Parliament. That plan has now been split into two parts – a withdrawal agreement (the legally binding terms of exit – how much the UK must pay to leave and a two-year transition providing for status quo on trade, travel/treatment of UK/EU citizens) as well as a political declaration (the future relationship with the EU). Deadlines have come and gone. Even the UK Prime Minister's promise to resign if the plan were approved hasn't moved the ball closer to the goal. As the latest deadline approached, the EU granted the UK an option to leave at any time before October 31 if the withdrawal plan were approved, thus

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See more popular content from