Publisher | UK in a Changing Europe |
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Publication Date | 01/07/2017 |
Content Type | Report |
Summary: Report published by the 'UK in a Changing Europe' research group in July 2017 on the potential consequences should the United Kingdom fail to reach an agreement with the European Union either on withdrawal or trade post-Brexit. The report states that such consequences would be 'widespread, damaging and pervasive'. Further information: The report shows that a chaotic Brexit could arise in two ways: + A premature Brexit - talks break down acrimoniously with the UK unilaterally ceasing to pay its EU contributions and ending the supremacy of EU law in the UK with immediate effect; + A timed out Brexit - talks do not completely break down, but no agreement is reached within the two year period and there is no extension. A 'no deal' scenario would likely trigger a significant economic impact and serious political ramifications. |
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Source Link | Link to Main Source http://ukandeu.ac.uk/wp-content/uploads/2017/07/Cost-of-No-Deal-The-UK-in-a-Changing-Europe.pdf |
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Countries / Regions | United Kingdom |