Opinions
Brexit: Problems and Consequences
As is common knowledge, the UK is expected to finalize its withdrawal from the EU in March 2019. The parties have come to terms on a transition period (presumably 21 months long, until December 31, 2020), when the UK will continue as a Customs Union member, if losing the power to influence its decision-making. This measure is due to the May government’s fears that a rash and rapid pullout from the existing trade system will cause a slowdown in the country’s economic development.