Australia  

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

British MPs reject Theresa May’s Brexit deal, as no-deal Brexit getting 'closer and closer'

Prime Minister Theresa May's Brexit deal has been defeated in the British House of Commons, with...
SBS - Published

'The Bollocks Parliament': why Theresa May can't get a Brexit deal

'Bollocks', Theresa May's attorney-general tweeted, just before he chose honesty over politics and...
The Age - Published

UK MPs vote to take a 'no-deal' Brexit off the table for good, in major blow to Theresa May

After passing an amendment to reject the UK leaving the EU at anytime, British MPs have now rejected...
SBS - Published


You Might Like


Tweets about this

Spetmologer

Bernard Whittaker Ψ @10DowningStreet @theresa_may I thought your resignation would be perfect for today ! What a shame it will have to happen at a later date. 28 seconds ago

veggie64_leslie

Nurse Ratched RT @SafetyPinDaily: May's Brexit vote is 'on a knife edge': Here's what experts predict will happen || Via: CNBC https://t.co/BLIzCufMIv 3 hours ago

SafetyPinDaily

SafetyPin-Daily May's Brexit vote is 'on a knife edge': Here's what experts predict will happen || Via: CNBC https://t.co/BLIzCufMIv 3 hours ago

bigwildrover

Wildrover @2tweetaboutit @pwtrea @sajidjavid @theresa_may Well if she gets back in, she's actually an illegal, what will happen about that. 4 hours ago

Advancedape2E

Chris RT @SafetyPinDaily: May's Brexit vote is 'on a knife edge': Here's what experts predict will happen || Via CNBC https://t.co/BLIzCufMIv 9 hours ago

SafetyPinDaily

SafetyPin-Daily May's Brexit vote is 'on a knife edge': Here's what experts predict will happen || Via CNBC https://t.co/BLIzCufMIv 9 hours ago

AtlantoCeltica

Atlanto Celtica May's Brexit vote is 'on a knife edge': Here's what experts predict will happen https://t.co/NiOSvZdKPk 11 hours ago

theresa_gavitt

Theresa RT @wikileaks: Detailed coverage of what will happen tomorrow (Friday) in the WikiLeaks grand jury and the jailing of Chelsea Manning for r… 12 hours ago


Recent related videos from verified sources

France Ready to Veto Any Meaningless Brexit Delay [Video]France Ready to Veto Any Meaningless Brexit Delay

According to Reuters, France is ready to veto any British request for a Brexit delay that may postpone a decision without offering a way out of its deadlock or put at risk European Union institutions...

Credit: Wochit News     Duration: 00:32Published

May Seeks Brexit Delay After Third Vote On Her Deal Is Derailed [Video]May Seeks Brexit Delay After Third Vote On Her Deal Is Derailed

According to Reuters, Prime Minister Theresa May will ask the European Union to delay Brexit by at least three months after her plan to hold another vote this week on her divorce deal was thrown into..

Credit: Rumble     Duration: 00:34Published

1,000 days since the Brexit referendum: What was said then and now? [Video]1,000 days since the Brexit referendum: What was said then and now?

We take a look at how the rhetoric of some of the prominent figures in Brexit has changed since Britain voted to leave the EU 1,000 days ago.

Credit: PA - Press Association STUDIO     Duration: 01:58Published

Theresa May's Brexit deal suffers new blow [Video]Theresa May's Brexit deal suffers new blow

UK Speaker of Parliament John Bercow ruled that May could not put her deal to a new vote without changing it.

Credit: Al Jazeera STUDIO     Duration: 04:15Published

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  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.