By: J. Nemr
All we ever hear about recently is the so-called Brexit, but do you actually know what is happening right now? Are you feeling a little lost? This simple guide should put us all right up to date.
After the public vote, called a referendum, held in mid-2016, the UK started to plan its detachment from the EU. This decision has both advantages and disadvantages. The whole point of being part of the EU is to facilitate trade and to allow citizens to work and live freely and easily. It is a political and economic junction of 28 European countries. So, why does Britain choose to withdraw? Sovereignty was seen as a simple win for Brexiteers between other social and economic benefits. On the other hand, The Economist claims that the UK might well find itself “a scratchy outsider with somewhat limited access to the single market, almost no influence and few friends”.
The withdrawal agreement:
The withdrawal agreement was established in order to cover some key point on how the UK was supposed to leave. However, it did not define what would happen afterwards. Some of the key points it covered were:
Theresa May, the British Prime Minister had her deal rejected by MPs on the 25th of January by 432 votes to 202. The scale of defeat was the biggest the Parliament has ever seen in the last century. Why do people oppose the deal? There are a broad range of complaints, many of which claim the deal fails to give back to the UK control of its own affairs from the EU.
Despite the rejection, the decision made is open for amends and other alternatives in order to put the UK back on track. Members of the cabinet were now speculating other alternatives to make adjustments to the deal in a pacific way. Options include a soft-deal Brexit (minimal interference from the government) and even a second referendum as backed up by Donald Tusk, the European Council president. May was criticized by many since she opposed to a few of the amends and the MPs started to believe she was lacking initiative and looked very unprepared.
No deal option:
In a worst-case scenario, the UK will have to resort to a no-deal option. In other words, this means the UK simply leaves the EU independently, with no support and aid from any other country or organization. The risk of it all going downhill from there is enormous since, if the UK fails to agree to the withdrawal agreement, the economy could potentially clash, prices could raise and checks at customs could cost companies a fortune. Even though the government may be preparing for this situation, not many businesses are. Furthermore, there would be no transition period for the interruption of the EU laws in the UK as they would stop applying to the UK immediately.
The situation is truly unpredictable since, with the 29th of March approaching, and all of this disagreement going on, May has announced that, without the right deal, the UK may never even leave the EU, even though she is willing to get her hands on anything that takes in order to make it happen. It is impossible, even for the British Prime Minister, to predict what will happen with absolute certainty.