Monday, 15 October 2018

Brexit Jargon Explained

For the past two years it has been difficult to avoid hearing all things Brexit but as we approach March things are going to shift up a few gears as the Brexit negotiations intensify but it can be hard to follow all the jargon so i have produced a guide of the most common phrases we will be bored to death by come March 31st 2019.

Article 50: The mechanism that allows a country to leave the EU.
Backstop: A customs plan to avoid a hard border between non-EU Northern Ireland and EU affiliated Ireland
Brexiteers: Those who voted for Brexit and want to break away from the EU completely.
Canada Style deal: No customs duty on EU exports to Canada or Canadian exports to the EU.
Canada Plus Plus Plus: An upgrade of the deal struck between the EU and Canada.
Chequers Deal: The cabinet deal seeking to keep the trade in goods flowing between by the UK and the EU.
Cliff edge: The UK falling out of the EU without a deal in place.
Common Rule Book: Aligning UK legislation on goods with EU standards and regulations.
Customs Union: The way no duties are paid on goods between EU states and how they all apply the same charge to non-EU imports.
Divorce bill: The amount the UK has to pay to settle it's bill with the European Union.
Hard Brexit: Leaving the EU and cutting all ties such as membership of the single market and the customs union
Remoaners: Those who voted to remain in the EU and deeply regret the 2016 referendum vote to leave the EU.
Single Market: The EU as one territory without internal borders or obstacles to free movement of goods and services.
Soft Brexit: Maintaining close ties with the EU and retain Single Market and Customs Union membership.
Transition deal: A bridging deal to smooth the transition between Brexit day in March 2019 and the start of a future trade agreement

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