Brexit: An Economic End for Political Means

A draft withdrawal treaty between the UK and the EU is now close to completion, though both sides have made clear that nothing is agreed until everything is agreed. Once finalized, this treaty will establish the rights and obligations of both the parties on a range of issues, including the “Brexit bill” that is, the UK’s outstanding liabilities from its time as a member of the bloc as well as the rights of EU citizens living in the UK, and vice versa. Read along to know more about the same!

Introduction

The unprecedented referendum to exit the EU was done on 29 March 2016, which marked the resignation of David Cameroon as the Prime Minister of the United Kingdom, leading to which we seek two important players coming into action- Theresa May and David Davis. A new department- the Department for Exiting the European Union (DExEU) was formed. European Parliament was in a disarray for the referendum being so changeable in its delicate variation of totally a sceptic 51.9 percent to leave the EU. There, an unprecedented role of the Chief Brexit Negotiator, Guy Verhofstadt comes, who deals with how the process is to be furthered. A joint report is published at the end of December 2017 stipulating the basic phases for the process. However, amidst this, there exists a simulated political constraint with what happened in case of Germany, Greece and Italy. People are doubtful. They are not in a case to understand that European Unity is a need. Well, this is not a biased concern, because a union of EU27 under unanimity rule can be in a great anomaly to act and behave, which is one of the core problems. More, the carefree and aloft attitude of President Trump helmed by an autocratic Putin of Russia makes Europe in a dilemma of fragility, which must not be ignored either.

It is quite certain that the people across Europe including the Britons, are awed of the migration flows from Syria, Yemen and other countries under normative and turbulent conditions, which is arisen under a trap, not giving a mere solution. This notion of a “dominant culture” is abhorrent. Quite rightly, the EU’s motto is “united in diversity.”

The European Parliament’s Brexit co-ordinator says the most important issue to settle is finding a “serious” solution to fears of a hard border in Ireland. Sources say Britain has a “matter of weeks” to secure an Irish deal so it can be approved at a European Council meeting of EU leaders in June. He believes the nerve agent attack in Salisbury has highlighted the need for Britain to forge close security and defence links. Mr Verhofstadt said: “Much time has been wasted over the last year, but I am more hopeful than I have ever been that there will be a deal.

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Likewise, in the United States, the new President-elect Donald Trump promised many changes on the campaign trail, but already many of these have faltered. By cancelling the trans-pacific partnership deal, Trump will only vacate space for China to step in and increase its influence in Asia. Will this really bring jobs and wealth to de-industrialised areas in the mid-west of the US? Well, at least it puts on the basic sui generis question of making actionable realities that make it work, which is moot and absent in this case. We must listen to people’s concerns about globalisation, but the response should not be protectionism, but rather to shape globalisation so that it works for us. Free trade should be defended – but it must be fair trade.

Conclusion

For starters, a draft withdrawal treaty between the UK and the EU is now close to completion, though both sides have made clear that nothing is agreed until everything is agreed upon. Once finalized, this treaty will establish the rights and obligations of both parties on a range of issues, including the “Brexit bill” – that is, the UK’s outstanding liabilities from its time as a member of the bloc – as well as the rights of EU citizens living in the UK, and vice versa. EU and UK negotiators have also agreed to a 21-month transition phase-in Brexit, from March 29, 2019, to December 31, 2020, during which time the UK will effectively remain an EU member state, albeit without representation in the European Parliament or any other EU decision-making bodies. What the eighteenth century called the Enlightenment we now know as globalization. If the Enlightenment was criticized for divorcing people from their natural pasts, globalization is now blamed for upsetting the balance of our planet, for turning the world into a madly spinning top that leaves humankind to its fate. 

Also read Pramati Educational & Cultural Trust & Ors. v. Union of India & Ors.