Ardwick Green Blue
Well-Known Member
So, finally, Brexit Day has arrived and as of 11pm tonight the UK will be a former member of the EU. Clearly the ongoing relationship with the EU has still to be agreed (or not) but today is a significant day for both sides.
For the UK it means we leave a highly regulated bloc and we will be trading with them on completely different T&Cs in eleven months time. The EU loses the second highest net contributor and potentially it has a large rival on its doorstep. Compared to the three and a half years it has taken to get to this point the time left to negotiate a new trading relationship is extremely tight and the reality is that if there is to be one it will need to be in place in a lot less than eleven months.
For the future, I can’t even see the Lib Dems having rejoining the EU in their manifesto at the next election. Leaving the EU would have to be an economic disaster for any meaningful groundswell of opinion to grow for the UK to rejoin as it would mean accepting the Euro & Schengen as just the start of onerous terms of re-entry. On that basis we will just have to see what job Johnson makes of this entirely new situation.
For the UK it means we leave a highly regulated bloc and we will be trading with them on completely different T&Cs in eleven months time. The EU loses the second highest net contributor and potentially it has a large rival on its doorstep. Compared to the three and a half years it has taken to get to this point the time left to negotiate a new trading relationship is extremely tight and the reality is that if there is to be one it will need to be in place in a lot less than eleven months.
For the future, I can’t even see the Lib Dems having rejoining the EU in their manifesto at the next election. Leaving the EU would have to be an economic disaster for any meaningful groundswell of opinion to grow for the UK to rejoin as it would mean accepting the Euro & Schengen as just the start of onerous terms of re-entry. On that basis we will just have to see what job Johnson makes of this entirely new situation.