Brexit to take full effect as UK leaves EU single market

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Brexit becomes a reality as Britain leaves Europe's customs union and single market, ending nearly half a century of often turbulent ties with its ...

LONDON: Brexit becomes a reality on Thursday as Britain leaves Europe's customs union and single market, ending nearly half a century of often turbulent ties with its closest neighbours.

Once the transition ends, EU rules will no longer apply, with the immediate consequence being an end to the free movement of more than 500 million people between Britain and 27 EU states. The EU has lost 66 million people and an economy worth US$2.85 trillion, but Brexit, with its appeal to nationalist populism, also triggered fears other disgruntled members could follow suit."It's been a long road. It's time now to put Brexit behind us. Our future is made in Europe," European Commission president Ursula von der Leyen said on Wednesday, as she signed the trade pact.

Public gatherings are banned due to the coronavirus outbreak, which has claimed more than 72,000 lives and infected more than 2.4 million in Britain, including Johnson himself. As well as ensuring tariff- and quota-free access to the EU's 450 million consumers, Britain has recently signed trade deals with countries including Japan, Canada, Singapore and Turkey.

British fishermen are disgruntled at a compromise to allow continued access to EU boats in British waters.

 

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