United Kingdom  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

What will happen if Theresa May's Brexit deal passes?

Video Credit: Reuters - 3D Animations (Next Me - Duration: 01:14s - Published < > Embed
What will happen if Theresa May's Brexit deal passes?

What will happen if Theresa May's Brexit deal passes?

If Theresa May's Brexit deal passes into law, what will it mean for the United Kingdom?

0
shares
ShareTweetSavePostSend
 

What will happen if Theresa May's Brexit deal passes?

For story suggestions or custom animation requests, contact tips@nextanimation.com.tw.

Visit http://archive.nextanimationstudio.com to view News Direct's complete archive of 3D news animations.

RESTRICTIONS: Broadcast: NO USE JAPAN, NO USE TAIWAN Digital: NO USE JAPAN, NO USE TAIWAN If Theresa May's Brexit deal passes into law, what will it mean for the United Kingdom?

The Brexit deal consists of two documents.

The first is a 585-page agreement ending Britain's relationship with Europe, while the second is a seven-page outline describing the future relationship, according to the Guardian.

The transition period would begin on March 29, 2019 and end on December 31, 2020.

During this time the U.K. would have to follow all E.U.

Rules, but would not have membership in its institutions, according to the BBC.

The withdrawal agreement would allow for the transition to be extended only once for a limited period, but would require both the U.K. and E.U.

To agree for an extension before July 1, 2020.

The Brexit draft also includes the calculations for how much the U.K. would need to pay the E.U.

To settle all of its obligations.

U.K. citizens in the E.U.

And E.U.

Citizens in the U.K. will keep their residency and social security rights after the withdrawal.

If by the end of 2020, no long-term trade deal is agreed upon, and if there is no transition period extension, then a backstop of "a single customs territory between the Union and the United Kingdom" would take effect.

In a backstop setting, the U.K. is subject to "level playing field conditions" to prevent it from gaining a competitive advantage while in the same customs territory.

To exit the backstop it would require bilateral agreement between the U.K. and the E.U.

RUNDOWN SHOWS: 1.

Transition period and one time extension 2.

UK paying EU, EU 3.

Backstop between UK and EU 4.

UK is subject to level playing field conditions in backstop setting VOICEOVER (in English): "Under Theresa May's Brexit deal the transition period would begin on March 29, 2019 and end on December 31, 2020.

During this period the U.K. must follow all E.U.

Rules, but would not have membership in its institutions." "The withdrawal agreement would allow for the transition to be extended only once for a limited period, but would require both the U.K. and E.U.

To agree for an extension before July 1, 2020." "The Brexit draft also includes the calculations for how much the U.K. would need to pay the E.U.

To settle all of its obligations." "U.K. citizens in the E.U.

And E.U.

Citizens in the U.K. will keep their residency and social security rights after the withdrawal." "If by the end of 2020, no long-term trade deal is agreed upon, and if there is no transition period extension, then a backstop of "a single customs territory between the Union and the United Kingdom" would take effect." "In a backstop setting, the U.K. is subject to "level playing field conditions" to prevent it from gaining a competitive advantage while in the same customs territory." "To exit the backstop it would require bilateral agreement between the U.K. and the E.U." SOURCES: BBC, The Guardian https://www.bbc.com/news/uk-46237012 https://www.theguardian.com/politics/2018/nov/15/what-happens-next-if-theresa-may-brexit-deal-passes *** For story suggestions please contact tips@nextanimation.com.tw For technical and editorial support, please contact: Asia: +61 2 93 73 1841 Europe: +44 20 7542 7599 Americas and Latam: +1 800 738 8377



Recent related news from verified sources

Final Say: What you can do to help now Theresa May's Brexit deal has been rejected

Now that Theresa May's Brexit deal has been voted down, a Final Say referendum is more likely than...
Credit: Independent - Published - UK

Brexit: Theresa May's reaction to losing Commons vote

Brexit: Theresa May's reaction to losing Commons voteAfter MPs heavily defeat her Brexit deal, Theresa May says there will be time on Wednesday for the...
Credit: BBC News - Published - Front Page

Protesters cheer Commons defeat for Theresa May’s Brexit deal

There were muted cheers outside Parliament as Theresa May’s proposed Brexit deal was rejected by...
Credit: Belfast Telegraph - Published - UK

Instant view: 'We are staring down the barrel' - reactions to PM May's Brexit deal defeat

European Union leaders said they would step up preparations for a no-deal Brexit and British business...
Credit: Reuters - Published - Front Page

How Black Country MPs are expected to vote on Theresa May's Brexit deal

How Black Country MPs are expected to vote on Theresa May's Brexit dealIt is the key day for Theresa May's Brexit deal today - this is what she can expect from MPs in...
Credit: Tamworth Herald - Published - UK

Brexit vote: EU President says UK remaining is only option 'if a deal is impossible, and no one wants no deal'

The president of the European Council has dared British politicians to back remaining in the E,U...
Credit: Independent - Published - UK

Jeremy Clarkson's incredible foul-mouthed rant over Brexit after Theresa May deal rejected

Jeremy Clarkson's incredible foul-mouthed rant over Brexit after Theresa May deal rejectedTheresa May fought to save her plan for a Brexit deal, but Parliament voted it down by 432 to 202...
Credit: Tamworth Herald - Published - UK

Theresa May tries solve Irish border riddle, refuses to rule out no-deal Brexit

British Prime Minister Theresa May said on Monday that she would try to break the deadlock over her...
Credit: Reuters - Published - Front Page

Jeremy Corbyn launches bid to topple Theresa May in aftermath of major Brexit defeat

Jeremy Corbyn has launched a bid to topple Theresa May in the aftermath of the prime minister's...
Credit: Independent - Published - UK

UK must find new Brexit plan after May deal defeat: Conservative MP

British Prime Minister Theresa May's Brexit deal cannot be resuscitated after it suffered a...
Credit: Reuters - Published - Front Page


You Might Like

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest