Brexit: a complex divorce
Despite the drama of the Brexit vote, there are no instant implications. It’s as if a couple has announced to divorce, but for now no one is moving anywhere. The British retain their EU membership until the process ushers them formally out.
“There’s no legal way for the U.K. to start stopping, for example, somebody from Poland who has just arrived today,” said Derrick Wyatt, emeritus professor of law at Oxford University. “And by the same token, British goods, British banking services are being marketed all over Europe today.”
In the next few months, the expectation is that London will invoke what’s known as Article 50, a clause in the European Union charter that begins formal exit talks. It’s effectively the filing of divorce papers, which starts a countdown.
Within two years, the U.K. and EU need a deal on the divorce terms, and there is a multitude of questions:
What happens to cross-border banks?
Or shared fishing waters?
Can Brits in continental Europe stay on? Can Poles or Italians in the U.K.?
“They have the right to be in each other’s states by reason of the treaty on European Union,” said law professor Gavin Barrett at University College in Dublin, Ireland. “And yet that treaty now is being taken away, and with it their right to be in each other’s countries will go, unless something is negotiated.”
Barrett and others said it’s likely existing cross-border workers will be grandfathered, particularly those who have been doing it for many years. In fact, despite the rhetoric of separation, the EU and the U.K. could choose to keep a lot of the old links in place.
They’ve had, after all, a long and entangling economic alliance.
“It’s a bit like the Eagles’ ‘Hotel California’: You can check out any time you like, but you can never really leave,’” said Tim Oliver, fellow at the London School of Economics. “The EU is not something that you can just pick yourself up from and leave very quickly.”
If the full two years pass without a deal, the U.K. is automatically booted from the EU club.
Stories You Might Like
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
