|Publisher||UK in a Changing Europe|
Report published by the 'UK in a Changing Europe' research group in July 2017 on the potential consequences should the United Kingdom fail to reach an agreement with the European Union either on withdrawal or trade post-Brexit. The report states that such consequences would be 'widespread, damaging and pervasive'.
The report shows that a chaotic Brexit could arise in two ways:
+ A premature Brexit - talks break down acrimoniously with the UK unilaterally ceasing to pay its EU contributions and ending the supremacy of EU law in the UK with immediate effect;
+ A timed out Brexit - talks do not completely break down, but no agreement is reached within the two year period and there is no extension.
A 'no deal' scenario would likely trigger a significant economic impact and serious political ramifications.
|Countries / Regions||United Kingdom|