Latest Brexit News Review
Latest Brexit news, the United Kingdom’s withdrawal from the European Union, continues to be a hot topic in the news. Here’s a review of the latest developments.
Trade Deal Negotiations
The UK and EU are still in the process of negotiating a trade deal. The deadline for an agreement is December 31, 2020, which is when the UK’s transition period ends. However, there are concerns that a deal may not be reached in time. The main sticking points are fishing rights and state aid rules. If a deal is not reached, the UK will trade with the EU on World Trade Organization terms, which could result in tariffs and quotas.
No-Deal Brexit Preparations
In case a trade deal is not reached, the UK government has been ramping up its preparations for a no-deal Brexit. This includes investing in border infrastructure and hiring thousands of customs agents. The government has also launched a public information campaign to help businesses and citizens prepare for the changes that will come with a no-deal Brexit. However, many businesses are still concerned about the potential disruption to trade and supply chains.
Impact on Northern Ireland
One of the most contentious issues in the Brexit negotiations has been the impact on Northern Ireland. The region shares a land border with the Republic of Ireland, which will remain in the EU. To avoid a hard border between Northern Ireland and the Republic of Ireland, the UK and EU agreed to a protocol that would keep Northern Ireland aligned with some EU rules. However, this has led to concerns about a border in the Irish Sea and potential disruption to trade between Northern Ireland and the rest of the UK.
Brexit continues to be a complex and controversial issue. As negotiations continue, it’s important to stay informed about the latest developments and how they may impact businesses and citizens in the UK and beyond. Whether a trade deal is reached or not, there will be significant changes ahead for the UK’s relationship with the EU.