When her position was weakened, May struggled to unite her party behind her deal and keep control of Brexit. Another historic moment occurred in August 2019, when Prime Minister Boris Johnson called on the Queen to suspend Parliament from mid-September to October 14, and she agreed. This has been seen as a ploy to prevent MPs from blocking a chaotic exit from the EU, and some have even called it a kind of coup. The 11 Supreme Court justices unanimously declared the decision illegal on September 24 and overturned it. International trade is expected to decline due to Brexit, even if the UK negotiates a number of free trade agreements. Dr. Monique Ebell, former deputy director of research at the National Institute for Economic and Social Research, predicts a -22% drop in the UK`s total trade in goods and services if EU membership is replaced by a free trade agreement. Other free trade agreements are unlikely to catch up: Ebell sees a pact with BRIICS (Brazil, Russia, India, Indonesia, China and South Africa) that will boost overall trade by 2.2%; A pact with the UNITED STATES, Canada, Australia and New Zealand would do slightly better at 2.6%. The House of Commons votes in favour of the Brexit bill. This means that the UK is on track to leave the EU on 31 January. However, the House of Lords and the European Parliament have not yet approved the agreement. Some sectors are ready to benefit from an exit. Multinationals listed on the FTSE 100 are expected to see a rise in profits due to the weakness of the pound.
A weak currency can also benefit tourism, energy and the service industry. The Brexit referendum is taking place in the United Kingdom. A majority of voters (51.89%) vote for the UK`s withdrawal from the EU. The transitional period shall not be extended. The UK has said it does not want an extension. The option of an extension has been included in the Withdrawal Agreement. The UK and the EU had until 1 July 2020 to agree on a possible extension. The United Kingdom triggers Article 50.
This means that negotiations on the UK`s exit from the EU can begin. The EU and the UK have two years to reach an agreement. The United Kingdom (UK) has appointed the European Union (EU) to the 31. January 2020. A transitional period now applies until 31 December 2020. During this period, the UK must comply with all EU rules and laws. For businesses or for the public, almost nothing changes. After the transition period, there will be changes, whether or not an agreement is reached on the new relationship between the UK and the EU. According to evidence presented by the lobby group British in Europe (which represents UK citizens residing in EU countries) to the House of Commons Brexit Select Committee in June 2020, “up to 23 EU member states have yet to implement systems to document the future rights of the estimated 1.2 million UK citizens already living on the continent. who are unaware of their future rights and obligations”.
[44] “The UK launched its [registration] system for EU citizens last March [2020], where more than 3.3 million people granted predetermined or established status to remain in the country after Brexit,” the committee was told. [44] Uk nationals and Union citizens, their family members who are UK nationals or Union citizens and family members who are neither retain the right to reside in the host Member State (Article 13). The host Member State may not restrict or make dependent dependants with a view to obtaining, maintaining or losing rights of residence (Article 13). Persons with valid documents do not need entry and exit visas or equivalent formalities and are allowed to leave or enter the host country in a simple manner (art. 14). In the event that the host Member State requires that `family members who join the Union citizen or the United Kingdom national at the end of the transition period obtain an entry visa`, the host Member State is required to issue the necessary visas free of charge in the appropriate institutions under an accelerated procedure (Article 14). The agreement also deals with the issuance of permanent residence permits during and after the transition period and their restrictions. In addition, it clarifies the rights of employees and the self-employed and provides for the recognition and identification of professional qualifications. The UK government and the remaining 27 EU member states accept the draft agreement. WTO rules: If countries don`t have free trade agreements, they must act according to rules set by a global body called the World Trade Organization (WTO), meaning that taxes on goods Davis has presented this refusal to the House of Lords as a negotiating tactic, but domestic politics probably explains his reluctance. .