When then-presidential candidate Donald Trump announced in August 2016 that “they will soon be calling me MR. BREXIT,” few took him seriously.
Three years on — and after many more related Trump remarks, now as U.S. president — there were no laughs Monday when British opposition leader Jeremy Corbyn warned of a “Trump-deal Brexit,” a reference to Trump’s repeated offers of a post-Brexit trade deal between the United States and Britain. Such an agreement, Corbyn argued, would lead to “a one-sided United States trade deal that will put us at the mercy of Donald Trump and the biggest American corporations.”
Even as the Brexit battle heats up — with Prime Minister Boris Johnson, a Conservative, planning to suspend Parliament next week and threatening to expel rebellious Conservative members of Parliament from the party — Trump has managed to keep inserting himself into the Brexit debate. Washingtonpost
Brexit: UK stopped being a member of the European Union
The UK stopped being a member of the European Union (EU) at 23:00 GMT on 31 January 2020.
For those not following every twist and turn, this is what you need to know.
What is Brexit?
Brexit – British exit – refers to the UK leaving the EU.
A public vote (known as a referendum) was held in June 2016, when 17.4 million people opted for Brexit. This gave the Leave side 52%, compared with 48% for Remain.
What is the European Union?
The EU is an economic and political union involving 28 European countries. It allows free trade, which means goods can move between member countries without any checks or extra charges. The EU also allows free movement of people, to live and work in whichever country they choose.
The UK joined in 1973 (when it was known as the European Economic Community) and it will be the first member state to withdraw.
What happens after Brexit day?
The UK formally left the EU on 31 January 2020, but there is still a lot to talk about and months of negotiation to come.
While the UK has agreed the terms of its EU departure, both sides still need to decide what their future relationship will look like. BBC
Brexit is happening
After three years of haggling in the British Parliament, convulsions at the top of the government and pleas for Brussels to delay its exit, Britain closes the book on nearly half a century of close ties with Europe on Jan. 31.
Its split with the European Union was sealed when Prime Minister Boris Johnson’s Conservative Party won a resounding victory in December’s general election. That supplied Mr. Johnson with the parliamentary majority he needed to pass legislation in early January setting the terms of Britain’s departure, a goal that repeatedly eluded his predecessor, Theresa May. European lawmakers gave the plan their blessing later in the month.
Mr. Johnson, a brash proponent of withdrawal, will now guide the country through the most critical stage of Brexit: trade negotiations that will determine how closely linked Britain remains with the bloc.
Little will change overnight. At midnight in Brussels on Jan. 31 – 11 p.m. in London, a reminder that the European Union sets the terms of departure – Britain will begin an 11-month transition in which it continues to abide by the bloc’s rules and regulations while deciding what sort of Brexit to pursue. NYtimes
Predictions for Brexit’s Impact on the Property Market
Over 2 years ago, the UK went to the polls and decided to leave the European Union, not even 50 years after they had decided to join the confederacy of countries. Not even the most seasoned economist can predict what impact this democratic decision will have over the long and short term, but already market leaders are preparing for what may come after the UK’s formal exit in March 2019.
The property market, one long invested in by international entrepreneurs and billionaires looking for a piece of prime real estate in one of the most sought-after countries in the world, will experience a similar period of uncertainty to other markets. Property developments are facing a new wave of uncertainty. Ranging from immigration impact, rapidly changing house prices and a shake-up of the market’s entire management on a legal and commercial level, here are just a few of the impacts the experts are predicting.
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