Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,153,474 members, 7,819,726 topics. Date: Monday, 06 May 2024 at 09:48 PM |
Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / As UK Pulls Out Of The Eu......stocks Will Crash! (432 Views)
BREAKING!!..Trump Pulls Out Of Nuclear Deal With Iran / Political Diagram Of Brexit And The EU / Effects Of Britain Leaving The EU (2) (3) (4)
(1) (Reply)
As UK Pulls Out Of The Eu......stocks Will Crash! by Kojochyke(m): 1:42pm On Jun 24, 2016 |
Britain is set to be the first country to leave the EU since its formation -
but the Leave vote does not immediately mean Britain ceases to be a
member of the 28-nation bloc.
That process could take a minimum of two years, with Leave
campaigners suggesting during the referendum campaign that it should
not be completed until 2020 - the date of the next scheduled general
election.
Once Article 50 has been triggered a country can not rejoin without the
consent of all member states.
Mr Cameron previously said he would trigger Article 50 as soon as
possible after a Leave vote but Mr Johnson and Mr Gove, who led the
campaign to get Britain out of the EU, have said he should not rush into
it.
They also said they wanted to make immediate changes before the UK
actually leaves the EU, such as curbing the power of EU judges and
limiting the free movement of workers, potentially in breach of the UK's
treaty obligations.
The government will also have to negotiate its future trading relationship
with the EU and fix trade deals with non-EU countries.
In Whitehall and Westminster, there will now begin the massive task of
unstitching the UK from more than 40 years of EU law, deciding which
directives and regulations to keep, amend or ditch.
The Leave campaign argued during a bitter four-month referendum
campaign that the only way Britain could "take back control" of its own
affairs would be to leave the EU.
Leave dismissed warnings from economists and international bodies
about the economic impact of Brexit as "scaremongering" by a self-
serving elite.
The CBI said many businesses would be concerned about the referendum
result.
It said "the urgent priority now is to reassure the markets", but warned
against "rushed decisions". |
Re: As UK Pulls Out Of The Eu......stocks Will Crash! by JuniorMafia1(m): 1:44pm On Jun 24, 2016 |
Hmmm...that's good o My sign |
Re: As UK Pulls Out Of The Eu......stocks Will Crash! by Fairytales: 1:46pm On Jun 24, 2016 |
It's a normal thing |
(1) (Reply)
Car Bombs Target Baghdad Shopping Districts, 126 Dead / UK Foreign Minister Hammond Backs May To Be Prime Minister / Fires Tear Through Cars In Brussels As Three Explosions Are Heard In The South .
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 9 |