{"id":27183,"date":"2018-11-28T17:30:58","date_gmt":"2018-11-28T17:30:58","guid":{"rendered":"http:\/\/thevoiceoflondon.co.uk\/?p=27183"},"modified":"2018-11-28T17:30:58","modified_gmt":"2018-11-28T17:30:58","slug":"eu-ston-weve-got-a-problem","status":"publish","type":"post","link":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/eu-ston-weve-got-a-problem\/","title":{"rendered":"EU-ston we’ve got a problem"},"content":{"rendered":"

\"\"Norwegian, Hard or Soft Brexit: Where do we go now.\u00a0With the prime minister unveiling a 585-page draft Brexit deal that was \u2018dead-on-arrival\u2019 it is unclear what will now happen with UK’s exit from the European Union.<\/strong><\/p>\n

The Voice of London has broken down what could happen, This is your definitive guide to the future of Brexit.<\/span><\/p>\n

NORWAY:<\/strong><\/p>\n

The Nor-way would see the United Kingdom remain in the EFTA (European Free Trade Area) and the EEA (European Economic Area). The country would maintain access to the free market, allowing goods to flow freely as they currently do. <\/span><\/p>\n

However, to join the EEA, you have to be an EU member state or a member of the aforementioned EFTA. To satisfy these requisites the United Kingdom has to apply to the free trade area, and once accepted apply to join the economic area. <\/span><\/p>\n

This may seem like a good compromise but it would make many of the referendum\u2019s key principles void.<\/span><\/p>\n

With a Norway style deal, Britain could not control immigration, as to be a member you have to agree to the EU\u2019s four main principles, one of which being the free movement people. This option of leaving and rejoining is seen as the least damaging to the country but would not please brexiteers, as the UK would have to follow EU rules, but no longer be able to vote on them. <\/span><\/p>\n

Yet, this deal is seen by many as a good compromise between remain and leave by maintaining free movement but taking Britain out of common fisheries and agriculture policy.<\/span><\/p>\n

\"\"<\/p>\n

NO-DEAL:<\/strong><\/p>\n

This is simply a cliff-edge. <\/span><\/p>\n

The time for negotiations runs out and with nothing signed the UK instantly falls out all EU rules, groups and policies. <\/span><\/p>\n

Theoretically there would instantly be a border between the EU and UK meaning custom checks at Dover. Rights of EU citizens in the UK, and UK citizens in the EU could would disappear overnight. In terms of trade, all shared rules would instantly stop, good between the United Kingdom and Europe would come under WTO (World Trade Organisation) rules on import and export tariffs. <\/span><\/p>\n

This would drive up prices for both the EU and UK with agricultural tariffs going as high as 40%. The UK would also have to replace many institutions that govern people and industries. An often talked about example is the air travel. The EU currently regulates air travel for the entire bloc so theoretically with no regulation, UK flights would be grounded until the UK creates a substitute.<\/span><\/p>\n

\n

Mark Carney, the Governor of the Bank of England, says in a 'worst case' no deal Brexit scenario GDP would be more than 10.7% lower than if the UK stayed in the EU and unemployment could rise to 7.5%. <\/p>\n

For more, head here: https:\/\/t.co\/L7wVgdMlWw<\/a> pic.twitter.com\/JB17GQAq4P<\/a><\/p>\n

— Sky News (@SkyNews) November 28, 2018<\/a><\/p><\/blockquote>\n