The weekly column for those who are sick of Brexit but still feel they should know the basics.
Okay let’s get through this quickly, our goal is to give you all the facts about Brexit developments, without you falling asleep, feeling the urge to procrastinate on instagram and most importantly, without losing any more TIME.
First of all let’s cover the basics. For every strange term we’ve had to grow to love, we’ve also included a definition for you to impress your co-workers with. (We’ve mainly copied it from the BBC Guide, but who cares, we’re making it easier to digest.)
So let’s get started, here are the five facts you should know so far.
- Britain chose to leave the European Union on 23 June 2016, Leave won by 51.9%.
- We invoked Article 50 of the Lisbon Treaty. This means the UK is scheduled to leave on 29th March 2019 at 11pm. This can be extended if EU parliament agrees but all sides currently agree on this date and Theresa May has already put it into British law.
- The UK will leave regardless on whether there is a deal or not. However the European Court of justice also ruled on 10th December 2018 that the UK could cancel the article 50 process at any time and remain a member of the EU.
- The Prime Minister has warned MPs of voting against the deal and that they risk a ‘no brexit deal at all’ as groups of MPs from different parties, still want to give the general public the final say.
- The UK and EU has agreed a Brexit deal. This includes a 585 page withdrawal agreement, covering how much money the UK owes the EU (an estimated £39bn) and what happens to UK and EU citizens living elsewhere. In addition to this, there is another 26-page statement on future relations and what the future looks like for the UK and EU.
Definition: European Union is a partnership of 28 countries that was set up after World War Two. The idea was that companies trading with each other were less likely to go to war with each other. Since then the European Union has developed allowing goods and people to move round, introduced its own currency (the euro) and has its own parliament setting rules on a wide rage of different agendas.
Definition: Article 50 of the Lisbon Treaty. Article 50 is a clause in the Lisbon Treaty which outlines the steps for a country wanting to leave the EU and invoking it begins the formal exit process, allowing both sides two years to make an agreement.
So to put it plainly, we chose to leave, we’ve made an agreement with the EU and now our own parliament can’t agree on it.
Next week we’re going to be covering the transition period and also the Irish border issue.