Friday 31 March 2017

The biggest news this week: Brexit

The biggest news this week is the UK Prime Minister, Theresa May, eventually triggered Article 50 to start Britain's leaving the European Union procedure officially. I did not cover this topic because I think I have covered a lot about his topic. So far, I still have not seen any significant change or surprise in this event. However, I find one interesting thing that the existing EU legislation is being transferred into the UK's law book.

It could show that many of these EU regulations and laws have been adopted by the majority of the UK population. Therefore, it is not suitable for the UK government to completely dump the EU legislation. Moreover, the UK government has a very tight time constraint to plan its Brexit and it is impossible for the UK government to consider all impacts the EU brings to the UK and make amendments to them. What will the EU leave to the UK after Brexit then?

Besides the most obvious one, legislation, the UK citizens will still enjoy free access to many of other countries in Europe and their holidays and lifestyles will not change too much after Britain's leaving the EU. In addition, the network between the UK and the European continental countries will also remain. Because of these connections, some businesses between the UK and the European continent will continue. The businesses and the government will be affected by Brexit than the British individuals will.

As long as the legislation and the connections remain in the UK, and the UK is willing to negotiate another free trade deal with the EU, Brexit seems to be less significant. After Brexit, it may not have too many changes in the UK and Brexit may just give Britain more political freedom, but the current UK is not as tightly bounded with the EU like other countries like France and Germany. Therefore, Brexit may not be a significant change to Britain, especially given Brexit's earliest schedule is still after 2019. Many radical opinions will ease when either side faces some crucial challenges.

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