The U.K. is set to leave the European Union at the stroke of midnight on Friday, but this isn't the end of the Brexit drama
Photo: WIktor Szymanowicz/NurPhoto via Getty Images Three and a half years after U.K. voters narrowly approved a referendum to quit the European Union, Prime Minister Boris Johnson’s Brexit deal cleared its last parliamentary hurdles last week and received royal assent from the Queen to become law. The U.K. is set to leave the bloc at the stroke of midnight on Friday, now that the European Parliament has approved the farewell.
If 11 months sounds like a very short timeframe for negotiating a free-trade agreement, it is. The transition period was originally agreed to last 21 months, counting from the original Brexit deadline of March 29, 2019. That deadline was extended several times over the past year, but the end of the transition was not. The withdrawal agreement between the U.K. and E.U.
Johnson’s Conservative government has made so much noise about this hyper-competitive deregulatory frenzy that the Europeans have every reason to believe they will go through with it if they can. The European Commission is reportedly warning member states against offering the U.K. a Mutual Recognition Agreement, which would allow British industry bodies to certify that goods conform to E.U. standards. These agreements, which the E.U.
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