A No-Deal Brexit. Implications
A no-deal Brexit would be bad news for the EU as well as for the UK in the short term, compared to signing the withdrawal agreement. A no-deal would be particularly bad for Ireland, because it would lead to customs controls on the island in order to protect the integrity of the single market. Moreover, I have highlighted a number of immediate quite disruptive challenges for trade, for specific sectors such as airlines and pharmaceuticals, and for people.
The withdrawal agreement is a rather complex text, documenting the extent to which economic, societal and political relationships are affected by Brexit. Leaving all these relationships without any agreement is likely to cause significant short-term turbulence.
The longer-term trade and more general implications are difficult to assess as they require making assumptions about the future EU-UK relationship.
As such, that longer-term relationship is less certain than it would be under the draft agreement with its annexed political declaration on the future relationship.
A no-deal Brexit would require the adoption of a number of emergency laws prepared by the Commission, but the key question is whether all legislation can be passed before 29 March.
An immediate example of a no-deal Brexit below: UK PASSPORT HOLDERS:
The rules for travel to most countries in Europe will change if the UK leaves the European Union (EU) with no deal. The government has increased planning for a no deal EU Exit and is asking citizens to make sure they are also prepared.
UK passport holders should therefore check their passport to see whether it is valid for travel after 29 March 2019.
After 29 March 2019:
- You should have6 months left on your UK passport from your date of arrival. This applies to adult and child passports.
- If you renewed a passport before it expired, extra months may have been added to your new passport’s expiry date. Any extra months on your passport over 10 years may not count towards the 6 months that should be remaining for travel to most countries in Europe. The new rules will apply to passports issued by the UK, Gibraltar, Guernsey, the Isle of Man and Jersey.Currently, UK passport holders can travel to all EU countries as long as they have enough remaining validity to cover the length of their stay, so it’s important to be aware of the above changes in a ‘no deal’ Brexit.
Thursday 07th February 2019
Jorge Emilio Núñez