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Brexit: Everything you need to know



What is the EU?
The EU is a trading bloc, where countries within the EU can trade with each other freely without facing any tariffs. A common external tariff is applied on non-member countries. The EU can be seen as a customs union, with the exception that there is free trade with almost all European states outside the EU. The timeline below depicts the events from when it was decided to leave the EU and when it was executed.



The above data was taken from https://commonslibrary.parliament.uk/research-briefings/cbp-7960/

It describes the entire timeline starting from when the referendum occurred in 2016, until when the UK left the EU on 31st December 2020.

So what changed after this long period of decision-making?

Similar rules would continue to apply for the UK, but to ensure that there is no unfair advantage given to the UK, both sides have agreed to 'some shared rules and standards on workers' rights, as well as many social and environmental regulations.'

The key aspect of the detail in a simplified format can be found here: https://www.bbc.co.uk/news/explainers-55180293


Comments

  1. Swapna KolhatkarFebruary 7, 2021 at 6:32 AM

    Good detailing of the entire discussion. It has been written with due references and credits. Keep writing.

    ReplyDelete
  2. hrishikeshFebruary 9, 2021 at 7:21 AM

    Good insight on the Brexit. The chart explaining Brexit from its announcement till execution helps the readers to understand the events connected with Brexit in a better way.

    ReplyDelete
  3. UnknownFebruary 11, 2021 at 6:19 PM

    Brexit put in easy to understand and chronological order. I would have like to also see a quick summary of the positive and negatives of this critical initiative by the British people.

    ReplyDelete

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