Euronews takes you through the options for Britain’s divorce from Brussels.
What happens now
In the short term, nothing. The arrangements are so complex that the
UK’s status will remain as it was before until the terms of the exit are
agreed. This is likely to take at least two years (see below).
Article 50 of the 2009 Lisbon Treaty outlines the process of withdrawal.
It has not yet been used as no state has ever left the EU.
The most urgent matters will be for the UK to introduce its own rules
and regulations to replace those previously supplied by the EU and to
agree on its relations with other countries that previously were handled
by the EU, most notably on trade.
A deal will also be needed on how to treat EU workers, student and
others based in the UK and Britons living abroad. Given the upheaval on a
social and economic level that would be caused by simply ejecting all
these people, a transitionary arrangement is likely to let the vast
majority stay for a number of years.
Click here for the full article.
Source: euronews.
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