UK BRACES FOR HISTORIC DEPARTURE FROM THE EUROPEAN UNION

Written by on December 31, 2020

THE UK IS BRACING FOR A HISTORIC BREAK FROM THE EUROPEAN UNION THAT WILL RESET THE RELATIONSHIP BETWEEN THEM FOR GENERATIONS TO COME.

MORE THAN FOUR YEARS AFTER A SLIM MAJORITY OF BRITONS VOTED IN FAVOUR OF QUITTING THE EU, THE UK WILL LEAVE THE BLOC’S SINGLE MARKET AND CUSTOMS UNION AT 23:00 GMT ON THURSDAY, DECEMBER 31.

AS THE NEW YEAR STARTS, THE TWO SIDES MUST ABIDE BY THE TERMS OF A RECENTLY INKED DEAL, WHICH SETS BOUNDARIES ON THEIR TRADE AND SECURITY RELATIONSHIPS.

ON WEDNESDAY, THE UK PARLIAMENT SPEEDILY APPROVED THE DEAL, MEANING IT HAS NOW PASSED INTO UK LAW.

IN SHORT, BREXIT MARKS THE MOST MOMENTOUS SHIFT IN THE COUNTRY’S RECENT HISTORY AND WILL REVERSE DECADES OF CLOSER ECONOMIC, CULTURAL AND SOCIAL INTEGRATION WITH THE EU, ITS LARGEST TRADING PARTNER.


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