View Single Post
Old 06-26-2016, 04:58 PM  
Barry-xlovecam
It's 42
 
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
From what I have read:
  1. Technically, the Brexit Referendum is not binding however Parliament is expected to assent to the democratic vote of the citizens of the UK.
  2. Only Parliament can trigger Article 50 of The Treaty of Lisbon -- and say we are OUT! In 72 hours or 7 years -- look forward to acrimonious debate in Parliament. I think, not sure, that the bill will have to be approved in the House of Commons, then be endorsed by the House of Lords and then get Queen's assent -- then it is official.
  3. At that point the clock starts 2 years of limbo then the EU can say we don't agree to your terms -- you have no rights other than to leave the voluntary association of the EU. In other words Fuck off Brits -- you are on your own economically -- you now need a visa to visit the countries of the EU.


The EU and UK could also enter into some trading block agreement like the US-Canada-Mexico NAFTA. There are visitor visas granted usually automatically between the US Canada and Mexico-- but there is no right of residency -- you must follow the immigration laws or stay illegally.

There may be no B2B VAT tax nor tariff or duty reciprocity. This has to be negotiated during the 2 years and if not agreed to -- so what.

NATO will probably not change much but the British might lose their strong policy prerogatives as part of the EU.
Barry-xlovecam is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote