U.K Prime Minister tries hard for Brexit as soon as possible
Everybody is looking into “When will Brexit happen”, while nobody knows an exact date of it. The struggle of Boris Johnson for no-deal is struck as he is defeated in parliament. Therefore, The historical divorce between U.K and EU is likely to happen next year now.
Opposition MPs with the help of forwarding block of Mr. Johnson party succeed to bring a bill in parliament. That bill will be aiming to delay no-deal Brexit. Furthermore, it will oblige Boris Johnson to ask Brussels for another 3 months of Brexit.
The Timeline of Brexit
Former PM Theresa May had to leave office on Brexit. She tried her level best for soft Brexit. However, British people had already decided to part ways with Brexit as soon as possible.
Current PM Boris Johnson was familiar to hassle and shout more that ultimately built up unbearable pressure on Theresa May. She left 10 Downing Street but threw the ball into Mr. Johnson court. That ball is still kept on passing and asking for “When Will Brexit Happen”.
It has been not too long that U.K Prime Minister Boris Johnson took office. He actually promised to dig a way out for viral question of “When Will Brexit Happen”, while Mr. Johnson seems to be in trouble too. Though he has got the approval of Queen to abolish parliament on 31 October and achieve his task of “No-Deal Brexit”.
But it will not be as simple anymore. Many of own party members have ditched his stance blaming him “White Superior Racist”. Moreover, it is now a Tug of War that will keep on going until next year.
Economic Impacts of NO-DEAL BREXIT
“When Will Brexit Happen” has another key aspect of the story. That is none other than the economic impacts of Brexit. The U.K will have to face 33 billion pounds to 39 billion pounds in case of both Deal and No-Deal Brexit. In this case, this could be the most expensive “Divorce” in the world.
In case, No Deal Brexit U.K-EU trade deals will be conducted via terms set by the World Trade Organization (WTO). Likewise, most of the tariffs will be imposed on goods sending form U.K to EU. Meanwhile, the British government has already waived tariffs on European Union goods that come into the U.K.
No-deal Brexit will also directly impact to guaranteed access of U.K to the EU single market. For example, it would badly affect Banking, Insurance sectors of United Kingdome.
