Got the Brexit done!

Almost 50 years later, the United Kingdom left the European Union

On 31 January 2020 the United Kingdom left the European Union. The Brexit is completed, but still many questions remain about the future relationship.

The next step has been to negotiate a trade agreement with the EU by the end of the year. But at the moment a no deal solution was also be seen as an option. The transition phase lasted until December 2020. Nevertheless, this situation changed in 2021 when both parties did not reach an agreement on how their relationship should be after Britain left. This meant, business were to be conducted in accordance with the World Trade Organization. For instance, the application of import and export tariffs and border controls, which still remains a difficult issue until now.

With the UK’s withdrawal from the EU single market and the customs union, the Brexit process has now been finalized.

The U.K. is free to sign agreements with other countries outside the E.U.

The U.K. can now free negotiate trade agreements with countries outside the EU-27. The former Prime Minister’s aim was to reach an agreement with the whole world to cover 80% of Britain’s trade within three years.
The decision to make, was to decide whether the U.K. should become a Singapore-style competitor, free of taxes, or follow a more interventionist policy. This was a crucial decision. For the moment, it seems that the conservative government prefers a more distant relationship to the EU. Therefore, it is prioritising a Canadian-style agreement that allows duty-free and quota-free trade.

The Union Flag disappeared from the European Parliament building in Brussels

The EU is the largest and closest market for the U.K. Ursula von der Leyen, the President of the European Commission, has made it very clear. The access to the European market will depend on how far the UK plays by the rules of the bloc.
After the Brexit, the UK and EU had eleven months to agree on regulations. They had to agree on fishing rights, data protection rules and the future of the City of London and on the status of Gibraltar a British Overseas Territory.

Britain begins its next act facing an internal crises and new challenges

But it’s not all about looking outward. The prime minister must first settle internal crises. The first problem to face is how to deal with a divided society. 52% voted in the referendum in favour of Brexit, while 48% advocated staying. He will have to address resentment and anger, communities that feel attacked by immigration, and the desire to restore British sovereignty among other issues. At the same time, it must seek to prevent the break-up of the country. Scotland and Northern Ireland voted to stay in the EU after the Brexit.
Another issue that the premier should be aware of is that after leaving the EU, the UK faces the possibility of reduced global influence, isolated from a major regional union and competing with stronger superpowers.

After the Brexit, it still remain a decisive time for the UK and the EU and could mean “new dawn” for both of them.

More about the Brexit Goodbye Great Britain!