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Brexit - The 5 Key Issues Still Unsolved, Possibly Unsolvable


With just 90 days to go until Britain needs a Brexit Deal to hand to the EU for approval, the mammoth task of untangling itself from its neighbors is proving far more complex than Liam Fox's 'easiest thing in history'.

Former World Trade Organization chief Pascal Lamy said it best ...
It’s like taking an egg out of an omelette.

So ... here’s the five key, still-to-be-resolved, issues :

Logistics and Trade - Brexit means giving up the ability to buy and sell stuff with other EU members as if they were all one country. The EU is the destination for about half of UK exports. Leaving the EU Single Market and its Common Rules will (unless a solution is found) cripple logistic chains that have been run for decades. For example, cars built in the U.K. are on average only about 40% British-made, and parts cross borders multiple times in the process.

Customs Procedures - No-one knows what these will be after the 'Extended Period'. Which is a nightmare for any business, large or small, trying to plan ahead. It could lead to massive delays of days at UK ports (unless a solution is found). It's suggested that importers and exporters will probably be allowed to operate under the old EU rules until at least 2020. Meanwhile, the UK Government is buying up farmland adjacent to the M2 and M20 for Dover, and is said to be taking control of Manstaon Airport in Kent for a Lorry Park.

The Irish Border - UK’s land border with the EU will run through Ireland. At the moment it's an invisible line between the Republic and Northern Ireland Both have pledged not to allow a Policed Frontier, fearful that it could reignite sectarian violence or renew questions about a united Ireland. But the Brexit Campaign promised - you remember - to 'Control Our Borders', and that means ireland, too. Customs and Immigration Checks will have to be made, and despite suggestions and rumours there is no 'electronic, high tech' salvation in the works. Unless a solution is found.

Financial Markets - Britain’s Financial Industry are frantically setting up subsidiaries on EU soil (even Jacob Rees Mogg;s own company) and moving employees to cities including Frankfurt, Paris and Dublin. Taking any chances, they, as well as everybody else, don’t know what kind of access we’ll get after the break. No-one knows. And it's not looking positive, either. The UK wants a system based on “mutual recognition” of rules, but the EU has proposed a system based on so-called "equivalence", selective access on a case-by-case basis. It's a stalemate - unless a solution is found.

Citizens Rights - The UK and EU agreed in December 2017 on a deal that would protect the rights of more than 3 million EU citizens now living in the U.K., and about a million British citizens residing in the bloc, to stay where they are. For now. But this agreement is only pencilled in, and is subject to a final divorce deal being reached. While it looked promising, the prospect of a No-Deal Crash will erase this Citizen's Rights Agreement unless a solution is found. 


And ... It Might Even Never Happen

Campaigners are trying to reverse Brexit. The big chance will be when the 'Divorce Deal' hits the House of Commons, which is expected to happen in autumn, maybe. Remainers might try to force a majority to reject the deal or force the government to put it to a second referendum, or just send negotiators back to the table for another go.

Don't even think this is done and dusted, until solutions are found for these five issues.



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