(Dec.)Post- Brexit deal Flashcards
What is EU & Brexit?
The EU is made up of 27 European countries.
EU citizens are free to live and work in other EU countries, and firms in those countries can buy and sell each other’s goods without checks or extra taxes at borders.
The UK was the first country to leave the EU and this was known as Brexit – British exit.
Brexit happened because a public vote – or referendum – was held in June 2016, to decide whether the UK should be in the EU.
Why post Brexit deal?
Without the deal, businesses would have had to start paying these taxes, which would have added to their costs.
No deal would have also meant even more border checks, which could have caused delays for lorries transporting products.
What is post Brexit deal?
No taxes on each other’s goods when they cross borders (known as tariffs).
No limits on the amount of things which can be traded (known as quotas).
Tariffs: Tariff-free and quota-free access to one of the world’s biggest markets is the backbone of the Brexit deal and goes beyond the EU’s deals with Canada or Japan.
Trade: There will be mutual recognition of trusted trader programmes. This means UK producers will have to comply with both UK and EU standards.
Professional qualifications: There will be no more automatic recognition for doctors, nurses, architects, dentists, pharmacists, vets, engineers. They will now have to seek recognition in the member state they wish to practise in.
Mobility – freedom of movement: UK nationals no longer have the freedom to work, study, start a business or live in the EU. Visas will be required for stays over 90 days.
Fisheries: The UK will leave the common fisheries policy.
