What is a no-deal Brexit? A no-deal Brexit is the term used to describe what happens if the UK leaves the European Union without concluding a withdrawal agreement. … If the withdrawal agreement is signed, then a transition period starts at the end of March 2019 when the UK leaves the EU.
Donald Tusk has warned a no-deal Brexit is‘more likely than ever.’ But if it happens it could be chaotic.
The UK currently trades with the EU under rules set down by the EU customs union, which is an agreement that goods can be traded freely, and the single market, which sets a common regulatory structure and allows the free movement of goods, capital, people and services.
“NO DEAL is better than a bad deal.” This has been Prime Minister Theresa May’s catchphrase since she stepped up to the helm to navigate the UK through the choppy waters of Brexit. But now that Mrs May’s draft deal has been widely rejected, should we expect to see a no-deal? And what does that mean?
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