(Image: PA Media) The UK and the EU have reached a Brexit deal but what will that mean for the average person, their holiday and spending? The deal was agreed on Christmas Eve following months of negotiations with the European Union and comes just a week before the current trading arrangements expire with the UK leaving the single market and customs union without the prospect of tariffs and quotas. But what does it actually all mean? Here, The Gazette looks at how Brexit will impact our lives from January 1.
Shopping There will be no tariffs on products sold between the UK and the EU to allow companies on both sides to keep trading in a similar way to now, with the idea of preventing price rises and keeping shelves stocked.
Explained
19 things you need to know about the Brexit trade deal and what it means for you. The UK and the EU have reached a Brexit trade deal less than a week before the deadline. Politicians and experts now have more than 1200 pages of legal text to read after the document was published on Boxing Day. Here, we take a look at what the deal could mean for the average person, their activities and spending. Here s what you need to know: Will my shopping be more expensive? There will be no tariffs on products sold between the UK and the EU to allow companies on both sides to keep trading in a similar way to now, with the idea of preventing price rises and keeping shelves stocked.
LONDON So far, the large majority of British and EU citizens have not felt the realities of Brexit. Though the U.K. left the European Union on Jan. 31, it follows the bloc’s rules until the end of this year as part of a transition period to the new economic relationship.
That’s all set to change.
On Jan. 1, Britain embarks on its new, more distant relationship with the EU after nearly five decades of closer economic, cultural and social integration.
The change for Britain’s economy and people is the most dramatic since World War II, certainly more so than when the country joined what was then the European Economic Community in 1973.
Pan Pylas
FILE - In this file photo dated Saturday, Dec. 14, 2019, a British flag waves atop of Houses of Parliament as an aircraft approaches the airport in London. After nearly five decades of economic and social integration, from the start of 2021 Britain will embark on a more-distant relationship with the European Union, and freedom of movement seems set to dramatically change for people wanting to cross the English Channel. (AP Photo/Thanassis Stavrakis, FILE) December 28, 2020 - 11:29 PM
LONDON - So far, the large majority of British and EU citizens have not felt the realities of Brexit. Though the U.K. left the European Union on Jan. 31, it follows the blocâs rules until the end of this year as part of a transition period to the new economic relationship.
(Image: PA Media) The UK and the EU have reached a Brexit deal but what will that mean for the average person, their holiday and spending? The deal was agreed on Christmas Eve following months of negotiations with the European Union and comes just a week before the current trading arrangements expire with the UK leaving the single market and customs union without the prospect of tariffs and quotas. But what does it actually all mean? Here, The Gazette looks at how Brexit will impact our lives from January 1.
Shopping There will be no tariffs on products sold between the UK and the EU to allow companies on both sides to keep trading in a similar way to now, with the idea of preventing price rises and keeping shelves stocked.