Brexit news

Here are some recent Brexit news updates:

Latest Developments:

  1. UK-EU Trade Talks Resume: The UK and EU have resumed trade talks, with the aim of reaching a deal by the end of the year. The talks are focused on finding a compromise on issues such as fishing rights, state aid, and the level playing field.
  2. Johnson's Brexit Plan Unveiled: UK Prime Minister Boris Johnson has unveiled his plan for a post-Brexit trade deal with the EU, which includes a commitment to maintain high environmental and labor standards.
  3. EU Offers UK a 'Canada-Style' Trade Deal: The EU has offered the UK a "Canada-style" trade deal, which would see the UK leave the EU's single market and customs union, but maintain some access to the EU market.
  4. Brexit Bill Clears Parliament: The UK's Brexit bill has cleared Parliament, paving the way for the UK to leave the EU on January 31, 2020.

Recent Polls:

  1. Most Brits Want a Deal: A recent poll by the BBC found that 62% of Brits want the UK to leave the EU with a deal, while 21% want to leave without a deal.
  2. Majority Oppose No-Deal Brexit: A poll by the Guardian found that 55% of Brits oppose a no-deal Brexit, while 26% support it.

Brexit Impact:

  1. Economic Growth Slows: The UK's economy has slowed down in the wake of the Brexit vote, with GDP growth falling to 1.4% in the third quarter of 2019.
  2. Business Investment Falls: Business investment in the UK has fallen by 1.5% in the third quarter of 2019, according to the Office for National Statistics.
  3. Sterling Plunges: The value of the pound has fallen by 10% against the dollar since the Brexit vote, making imports more expensive and potentially leading to higher inflation.

Brexit Timeline:

  1. January 31, 2020: The UK is set to leave the EU on this date, unless a deal is reached to delay Brexit.
  2. February 2020: The UK and EU are expected to begin formal trade talks, with the aim of reaching a deal by the end of the year.
  3. December 2020: The UK is expected to leave the EU's single market and customs union, unless a deal is reached to delay this transition.