There have been quite a few misconceptions about brexit floating around since long before last year’s referendum. But as we draw closer to Article 50 being activated once and for all, some of these mistakes are starting to be corrected. Let’s look at some of the biggest blunders people have when debating brexit and try to break the fact from the fiction.
After Brexit, No Business Will Relocate To The UK
This has proved to be false and despite claims by business owners that brexit will mean doom and gloom many companies have already made movements. Several companies in Japan are currently considering opening new factories in the UK. While Amazon has announced plans that will mean five thousand new jobs in the region. As such, brexit doesn’t mean that Britain will be a last resort for businesses and arguably it never has. Although there are certainly plans in place for other companies to move out of Britain after brexit, there has been no official movement on this front just yet.
The Pound Will Collapse
While the pound has certainly taken a few hits over 2016 and early 2017, it’s not completely dead. It still has good standing against both the Euro and the Dollar. It’s possible this will change once brexit begins. But after Theresa May announced her official plans for leaving, the pound jumped up a few points. As such, as long as brexit isn’t crippled by harsh stances of other European countries, the pound sterling could rise even higher. It hasn’t, as many predicted, completely collapsed under the weight of uncertainty.
EU Nationals Living In Britain Will Be Protected
As of right now, there is no stipulation in Article 50 that guarantees that EU nationals living in Britain will be protected. However, that could be about to change due to the position of the House of Lords. They intend to add amendments that will protect the rights of EU citizens. Although, even they may not get the final say. It’s possible that if the Lords try to make changes to the bill, they could face a fierce fight from the government who pushed it through the Commons without any changes.
No Need To Follow EU Law Anymore
A lot of people believe that after Britain leaves the EU, they will be no longer held to follow European human rights laws. The same laws that prevented a convicted terrorist being exported from the UK several years ago. But this is not the case, and Human Rights laws are not part of the EU membership. They are separate, and for Britain to break free from them, further legislation will be needed. As such criminal justice and brexit is a lot more complicated compared with how most people understand it.
Finally, from Trump’s plans for a deal with the UK in just ninety days to Theresa May’s hope for Article fifty to be activated by the end of March, there has been an emphasis on speed. But it’s important to realize brexit will actually take years. Britain won’t be separate from the EU until possibly 2020.