How long will it take to leave the EU?
It will take a minimum of two years for the UK to leave the EU. During this time Britain will continue to abide by EU treaties and laws. However, it won’t take part in any decision making.
What will happen during that time?
The UK will have to discuss and reach a decision on the terms of its departure. Issues will include what financial regulations will still apply to the City of London, trade tariffs and movement rights of EU citizens and UK nationals. The agreement will have to be ratified both by the European council and the parliament in Strasbourg.
How will Brexit impact the EU?
Some in the EU community believe that Britain quitting its membership could encourage other nations to follow suit with referendums of their own – or demand tailor-made deals of their own.
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