What is a ‘No Deal’ Brexit? Part of the (sometimes deliberate) confusion around this is that there are, essentially, three deals to be done between the UK and the EU. The decision tree looks something like this:
Deal 1: Article 50 Agreement
This is an agreement on the terms of separation. It includes things like:
- Liability for pensions for EU staff;
- Share of the European Investment Bank;
- Funding commitments made by the UK for projects beyond March 2019;
- Relocation of EU agencies in the UK;
- Rights of UK and EU citizens after March 2019.
As Anand Menon says, a failure to agree on these basic terms could happen in two ways; the UK walking away from the negotiations or a timeout where no agreement is reached by the March 2019 deadline. This is what Professor Menon called the Chaotic Brexit:
There is no Article 50 agreement…
View original post 1,381 more words
Utopia, you are standing in it! 
Recent Comments