Brexit becomes reality as UK quits EU single market

  • 📰 cebudailynews
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 71%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

London, United Kingdom—Britain on Thursday, December 31, 2020, finally severed its turbulent half-century partnership with Europe, quitting the EU single market and customs union and going its own

Britain on Thursday, December 31, 2020, finally severed its turbulent half-century partnership with Europe, quitting the EU single market and customs union and going its own way four-and-a-half years after its shock vote to leave the bloc.

Now the transition is over, EU rules no longer apply. The immediate consequence is an end to the free movement of more than 500 million people between Britain and the 27 EU states. Britain is the first member state to leave the EU, which was set up to forge unity after the horrors of World War II. Potential disruption at ports is stoking fears of food and medicine shortages, as well as delays to holidaymakers and business travellers used to seamless travel in the EU.

Northern Ireland’s border with EU member state Ireland will be closely watched to ensure movement is unrestricted — a key plank of a 1998 peace deal that ended 30 years of violence over British rule. Britain is a financial and diplomatic big-hitter and a major NATO power with a permanent seat on the UN Security Council and in the G7 grouping of the world’s richest economies.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines