I thought that I’d do something different this week and give you a glossary of terms surrounding Brexit. I know not the most interesting thing but Ive been asked so many times how Brexit is going to impact businesses and how we can put measures in place from now, it made me think, how many of us really know the terms we here on the news.
So here goes… it’s not an exhaustive list, just 9 of the most talked about terminology, that if you don’t know, you k now now:
Section of the Treaty on European Union that sets out how a country leaves the EU. The 2 year negotiation began on 29th March 2017, after which the UK will ease to be a member.
Brussel based administrative arm of the EU. The commission is led by officials from the different member states with a different area of policy responsibility.
Collective term for the heads of state and government of the member states.
European Court of Justice
Court that settles questions over the implementation of EU Law.
World Trade Organisation
Body which overseas international trade and records the tariffs that countries impose on imports.
Area in which labour, capital,goods and services can move freely.
European Economic Area
Countries have to be in this to be a member of the single market.
European Free Trade Association
Loose trade block comprising Iceland, Liechtenstein, Norway and Switzerland, none of which are members of the EU.
Effectively puts a wall around the EU, with goods subject to common external tariffs on entry, but able to move freely inside.
Sooooo…. in other news
I’d like to invite you to my FREE business breakfast seminar on 25th May where you will have the opportunity to meet other professionals who are interested in how HR, Coaching and Cyber security can future proof their business in the lead up to Brexit.
Great networking opportunities (very good, trust me on this) and of course you get breakfast on me! It’s limited spacing because of the venue so please do not leave it to the last minute to book HERE