What do you know about Brexit

On June 23, 2016, the British voted in favor of secession from the European Union by 51.9%. Nine months after the vote on 29/03/2017 Article 50 of the Treaty of Lisbon was activated in order to negotiate a two-year withdrawal. / 3/2019 at 11 pm London time is the date of the Brixet.

Reasons and motives given by the opposition camp to stay in the EU:

  • The main and most important issue is the issue of immigrants and refugees, although Britain is not a member of the Schengen agreement, but it is a member of the European Union that means allowing EU members to enter and leave without restrictions. The United Kingdom wants to control its borders and select people entering Britain. The number of immigrants to Britain is 873,000, a burden of 3.76 billion pounds, fear of terrorism and the use of terrorists by Britain. This will cost Britain huge sums to fight terrorism for possible future operations. .
  • The elimination of the restrictions and laws of the European Union, the work of the British national legislation and laws and control of the laws of employment and services, health and security, and give greater power to the British Parliament. The European Parliament imposes tough laws in all sectors and these laws are cumbersome and disruptive to the British economy, according to the separatists.
  • Britain is responsible for about 11 percent of gross domestic product (GDP), which comes in the form of membership fees, aid to debt-ridden european countries, and the burden of immigrants, which can be used for scientific research, development, education and health.
  • If Britain is ahead of many European countries in terms of quality, quality standards, etc., they demand a free market and important trade agreements with countries such as America, China and India, which the European Union does not believe in. Britain’s performance within the European Union is weak.
  • Britain’s sovereignty: It started with Britain’s refusal to enter into the euro agreement and the preservation of sterling as the currency of the United Kingdom. Britain remained the master of the situation, and the British annexation was an important reason for separatists.

The implications of Britain’s exit from the European Union:

  • The possibility of being split after Scotland’s insistence on a new referendum for separation from Britain for its desire to exist within the European Union.
  • The subject of foreign residents and immigrants from Europe on their territory of 3 million Europeans versus one million Britons living in the European Union countries, all concerned about their legal status and seeking citizenship of the host country, where recently 6000 British citizens of different EU countries have increased by 165% over the past years and Germany won the lion’s share.
  • The Northern Ireland border problem, where new borders are re-delineated, could isolate Northern Ireland, the neighbor of the EU-member Republic of Ireland and the guaranteed mobility agreement between the two parties and threaten the peace process.
  • Secession is a blow to the burgeoning technology sector, which accounts for nearly 10 percent of Britain’s GDP, compared with the United States 8 percent and the European Union 5.5 percent. Companies fear it is difficult to attract and retain the best employees and are looking to move to a new EU location.
  • Abandonment of the European Common Market of 500 million consumers. Britain’s exports to the European Union are 45% and will have to negotiate and re-sign 36 new trade agreements with each country on the European and global level.
  • The flight of foreign investment As long as there is uncertainty and uncertainty of the economic situation and this will lead to the abolition of hundreds of thousands of jobs.
  • The problem of customs taxes where import taxes will be imposed from Britain.
  • The banks’ flight and their partial or total transfer to other countries, where the financial sector contributes between 8% to 12% of the GDP.
  • Rising inflation and falling real estate prices in Britain.
  • To go back to the last line because countries prefer to negotiate with major blocs such as the EU to negotiate with a small country.

British Prime Minister Terraza Mae has reached an agreement with her ministers on the bricetas, where ministers signed an agreement to create a free trade zone for industrial and agricultural goods with EU countries and could develop into a common customs area.

The basic steps are:

  • The Parliament will have the final say on how to combine these rules with British law, and reserves the right to refuse to do so.
  • There will be other arrangements for trade in services, including financial services with greater regulatory flexibility.
  • Britain can accept to continue to comply with EU rules on trade in goods, giving only the issues necessary for the flow of trade.
  • The freedom of movement will stop at its current status but with a new framework of movement that will ensure that UK and EU citizens continue to travel to the two regions and progress to work and study.
  • New customs tariffs will be developed with the achievement of a common customs area.
  • Britain will be able to set its own tariffs and develop an independent trade policy.
  • The legislation of the European Court of Justice will expire, but Britain will respect its decision in areas where it sees common laws.

Will give Britain the freedom to conduct business deals with other countries while maintaining regulatory and environmental standards at those points related to the consumer. There was no interest in Al-Waiqiya in the single market or the customs union which committed itself in Britain to leave after the end of the transitional period in December 2020.

  • A few days after the cabinet of the Teresa Mae plan for Britain’s exit from the European Union, the resignation of David Devins, the minister responsible for Britain’s exit package from the European Union, came as he said he could not sell his country and that the current trend of policies and tactics makes the United Kingdom leave the customs trend and the common common market seem less likely This is a weak road to negotiation.
  • British Foreign Secretary Jors Johnson, the godfather of secession from the European Union, resigned hours later. The Teresa Mae plan undermined free trade agreements, saying the plan was too lenient and that the plan did not meet what the people had chosen at the referendum.
  • According to IMF data, Britain has settled after France in the GDP size classification (France 2,575 trillion dollars – Britain 2,565 trillion dollars)
  • Sterling fell as Sterling suffered losses of up to 25% of the currency value before the referendum. , And recovered some gains now.
  • Low consumer spending amid rising prices.
  • The unemployment rate fell to 4.2%, the lowest level in 42 years, but this did not help it increase the rate of investment.
  • The growth rate dropped from 2% in previous years to 1.2% according to the latest reading, which will affect the government’s tax revenues.
  • The European Union is asking Britain for 60 billion pounds and Britain is offering a lower amount of 39 billion dollars, which the EU rejects.

Today, the British government issued a white paper that will be discussed and be the focus of negotiations with the European Union. The time is running out as negotiations should end by the end of October this year.

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