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Brexit

The United Kingdom’s exit from the European Union pushed the country and the union into unknown territory, as in March 2017 the UK was the first country to ever invoke Article 50, the means by which a nation begins the process of leaving the bloc.

For the maritime industry Brexit raises questions over the new relationship between the UK and EU, how goods and passengers will be handled at the new border, the future status of employees currently in the UK, the effect on future recruitment into the UK and the ability of insurance and financial institutions to carry out their business in Europe to name but a few.

The UK government is pledging to negotiate new trade deals to ensure its economic welfare outside of the bloc, but the shape of such deals is unkown.

As one of the great maritime cities of the world, London’s future will be affected by Brexit, but quite how is unclear.

For now, all the industry can do is lobby and educate government to get its voice heard in the years of negotiating to come.

 

 

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