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    Annalyse Vellani
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    Brexit will create trade barriers that make it difficult for European businesses to access raw materials, skills, and cheap labor from the UK. This will lead to job losses in manufacturing and higher import prices due to increased tariffs, reducing living standards in the UK. The UK Supreme Court ruled that Parliament must approve triggering Article 50 to start Brexit negotiations. The government has begun drafting this legislation, but implementing Brexit depends on agreeing terms with the EU under applicable laws.

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    Brexit will create trade barriers that make it difficult for European businesses to access raw materials, skills, and cheap labor from the UK. This will lead to job losses in manufacturing and higher import prices due to increased tariffs, reducing living standards in the UK. The UK Supreme Court ruled that Parliament must approve triggering Article 50 to start Brexit negotiations. The government has begun drafting this legislation, but implementing Brexit depends on agreeing terms with the EU under applicable laws.

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    3 views1 page

    Untitled

    Uploaded by

    Annalyse Vellani
    Brexit will create trade barriers that make it difficult for European businesses to access raw materials, skills, and cheap labor from the UK. This will lead to job losses in manufacturing and higher import prices due to increased tariffs, reducing living standards in the UK. The UK Supreme Court ruled that Parliament must approve triggering Article 50 to start Brexit negotiations. The government has begun drafting this legislation, but implementing Brexit depends on agreeing terms with the EU under applicable laws.

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    © All Rights Reserved
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    of 1

    When Brexit is successfully completed as it is structured, there will be trade barriers which

    create hard time for the businesses in Europe, Raw materials, Local skills and cheap employment
    won’t be accessed. This legislation caused a lot of employees in the manufacturing sector to lose
    their jobs. There will be an increase in tariffs, which will have a triple effect on the prices of
    imports made in the UK. Generally, there will be a steady decline of the standard of living for the
    people in UK as in case of R (Miller) V. Secretary of the state for Exiting the European Union.
    In this case, the Supreme Court of UK made a ruling that the government need to approve an Act
    though the parliament subject to Article 50 TEU. On the side of government, the process of
    drafting a legislation requiring activation of Article 50 TEU has already started. All these powers
    are not under the parliament mandate when the decision to exit the EU is to be implemented. All
    this will depend on the EU agreement and the acknowledgement from the UK government under
    the applicable EU laws.

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