Options on the table for UK Brexit talks

Options on the table for UK Brexit talks

As the 2017 Parliamentary election has resulted in a hung Parliament, Prime Minister Theresa May might look for softer options during Brexit negotiations with the EU.

The infographic highlights the multiple options on the table by revealing the difference between various European models.

Meanwhile, there are expectations that Britain could shift to the Norway model, which means joining the European Economic Area (EEA).

Members of the EEA have access to the single market in exchange for payments, while enjoy emergency brake on free movement of people.

However, Britain would abide to the EU’s rules regarding employment rights, without having an option to change them.

“EEA-only members can’t veto a nation joining the EU. The U.K. would also have to tolerate some continued oversight by the European Court of Justice and also send money to Brussels,” according to Bloomberg.

Ahmed Mamdouh

Ahmed Mamdouh, Co-Founder and Head of English Fundamental Analysis at FXComment.com, with 7 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.

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