Brexit Guide: March 2018

brexit guide march 2018

Nearly 2 years on from the Brexit vote, where does Britain stands in terms of the EU divorce? Well, the truth is that nobody really knows…Both Britain and the EU have different ideas on what a post-Brexit relationship would look like.

Theresa May, following the Brexit vote, put forward Trade Deal plans unlike those made with the likes of Canada and Norway. This was done in a bid to avoid the free movement of people as well customs checks. Ideally, May wants a deal to be struck somewhere in the middle, with the UK still able to benefit from EU policies down the line. However, her plans so far have been rejected. So what exactly do both sides want? Below is an up to date guide on Brexit, months before a deal is set to be made.

What exactly does Theresa May want?

There are a number of┬ápolicies and changes that May has put forward to the EU for consideration. Two of the main issues revolve around financial services and trade. However, other issues have recently come into light, such as the Northern Ireland Border and Security. These issues will need resolving before a deal is made between the UK and the EU, so let’s look at them in a little more detail:

Trade Deals

May would like the ability to leave the customs union. This would allow the UK to issue their own trade deals. One way this could be done is through a customs partnership, which would see the EU set similar standards to the EU, however, the UK would have precedence over domestic items. The EU is sceptical about May’s options for this, and the two have not yet agreed on a trade deal that suits both the UK and the EU.

Security Issues

Despite her push for Brexit, May has agreed that defending Europe post-Brexit is a top priority. As the country who puts the most money into defence systems, the EU is keen to keep defence a priority as well. This is one of the key topics that negotiations have so far settled on.

Issues with Northern Ireland

Leaving the EU will still mean that Britain and Northern Ireland will preserve a free movement of both people and goods. However, this means that there will need to be a border in place between the Republic of Irelands and Northern Ireland. As it stands, there is no hard border, which means that travel is free. What the UK and the EU fail to agree on is the enforcement of this border, and if it should be built in the first place.

EU/UK Regulations

During the Brexit negotiations, regulations will need to be put in place in regards to UK & EU policies on a range of issues including rights to nuclear power and medicine. May has stated in meetings that she will keep to the rules of state aid and that she would like to keep close working relationships with industries throughout the EU that work on Nuclear Energy. Since stating this, the EU has accused the UK of cherry picking what it likes from policies and adapting them for its own gain.

For time being, these seem to be the issues ruling the newspapers and channels the most. With a deal set to be struck within the next few months, it’s hard to see how Theresa May is going to get the UK out of the EU without securing significant losses. What are your thoughts on how Brexit is going? Let us know in the comments below…