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Brexit getting closer

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Brexit is currently scheduled to end its transition period in December 2020. Brexit is the British exit from the European Union.

Theresa May’s cabinet meets later on Wednesday to approve or reject the text of a draft withdrawal agreement drawn up this week in Brussels by EU and UK negotiators two-and-a-half years after Britain voted to leave the bloc.

It covers three main areas:

Britain’s financial settlement with the EU to meet agreed commitments.
The post-Brexit rights of EU citizens in the UK and British citizens on the continent.
A mechanism to prevent a hard border on the island of Ireland.

Date of Brexit

The EU treaties will cease to apply from the date of entry into force of the withdrawal agreement or, failing that, two years after the withdrawal notification unless the EU Council and UK agree to extend the two-year period.

On the EU side, the Agreement should set a withdrawal date which is at the latest 30 March 2019 at 00:00 (Brussels time).

On the British side, the European Union (Withdrawal) Act 2018, section 20(1) defines exit day as 29 March 2019 at 11.00 p.m.

EU-27 is one third of Asia purchasing power parity GDP

After the UK leaves the EU, then the EU economic size will drop by $2.8 trillion in nominal GDP and $3 trillion in PPP GDP.

20 thoughts on “Brexit getting closer”

  1. Unfortunately for you all I have said is a fact, not an opinion
    And facts do not care about your agreeemnt or not

  2. To b noted that Europe has been the most staunch ally of the US in the past 50 years .
    Along with aging Japan
    It is not the US who is slowing down a lot but also their allies
    The US empire is ova-

    China rulez

  4. Are the diagrams about Asia and China in particular share in the Global economy in an article about the Brexit are there to show that Europe should be marginalized? Not so quick, eventually the world will use the EU integration as a model for globalization rather than the 19th century one of imperialism used by China and Russia. The Brexit and the semi fascism that is currently engulfing the world is just an expected setback that is already running its course, not the way forward.

  5. The European Union is dying. More nations will leave it and the remaining husk will just demographically morph into the Eurabian Caliphate. The ‘euro’ will become a super guilder or something like that. It will never, ever become a viable alternative reserve currency for sure.

    Because one can ALWAYS count on the Eurotards to repeatedly fû@k up their own continental order. Always.

  6. Are the diagrams about Asia and China in particular share in the Global economy in an article about the Brexit are there to show that Europe should be marginalized? Not so quick, eventually the world will use the EU integration as a model for globalization rather than the 19th century one of imperialism used by China and Russia. The Brexit and the semi fascism that is currently engulfing the world is just an expected setback that is already running its course, not the way forward.

  7. To b noted that Europe has been the most staunch ally of the US in the past 50 years . Along with aging Japan It is not the US who is slowing down a lot but also their allies The US empire is ova- China rulez

  8. The European Union is dying. More nations will leave it and the remaining husk will just demographically morph into the Eurabian Caliphate. The ‘euro’ will become a super guilder or something like that. It will never, ever become a viable alternative reserve currency for sure.Because one can ALWAYS count on the Eurotards to repeatedly fû@k up their own continental order. Always.

  11. Unfortunately for you all I have said is a fact, not an opinion And facts do not care about your agreeemnt or not

  13. Are the diagrams about Asia and China in particular share in the Global economy in an article about the Brexit are there to show that Europe should be marginalized? Not so quick, eventually the world will use the EU integration as a model for globalization rather than the 19th century one of imperialism used by China and Russia. The Brexit and the semi fascism that is currently engulfing the world is just an expected setback that is already running its course, not the way forward.

  14. To b noted that Europe has been the most staunch ally of the US in the past 50 years . Along with aging Japan It is not the US who is slowing down a lot but also their allies The US empire is ova- China rulez

  15. The European Union is dying. More nations will leave it and the remaining husk will just demographically morph into the Eurabian Caliphate. The ‘euro’ will become a super guilder or something like that. It will never, ever become a viable alternative reserve currency for sure.Because one can ALWAYS count on the Eurotards to repeatedly fû@k up their own continental order. Always.

  18. Are the diagrams about Asia and China in particular share in the Global economy in an article about the Brexit are there to show that Europe should be marginalized? Not so quick, eventually the world will use the EU integration as a model for globalization rather than the 19th century one of imperialism used by China and Russia. The Brexit and the semi fascism that is currently engulfing the world is just an expected setback that is already running its course, not the way forward.

  19. To b noted that Europe has been the most staunch ally of the US in the past 50 years .
    Along with aging Japan
    It is not the US who is slowing down a lot but also their allies
    The US empire is ova-

    China rulez

  20. The European Union is dying. More nations will leave it and the remaining husk will just demographically morph into the Eurabian Caliphate. The ‘euro’ will become a super guilder or something like that. It will never, ever become a viable alternative reserve currency for sure.

    Because one can ALWAYS count on the Eurotards to repeatedly fû@k up their own continental order. Always.

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