Practice English Speaking&Listening with: Brexit: It's a wrap! | SightLines

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Brexit was one of our 2019 outlook expected "resolutions"

and Brexit finally happened on January 31st.

In this week's Sightlines, we review

the history of Brexit,

what lies ahead for the UK and the EU,

and the possible implications for us in the U.S.

The original Brexit vote, 52% to 48%,

took place on June 23, 2016,

and Brexit was set for March 29, 2019.

Then, Prime Minister Theresa May

failed to get the deal done and the

deadline was extended to October 31, 2019.

But after three more failed attempts,

May stepped down as PM.

In July 2019, Boris Johnson became PM,

committed to the UK leaving the EU

with or without a deal.

but he ultimately asked for an extension

all the way to January 31 of this year.

December 2019 snap elections solidified

Johnson's Conservative Party control and

Brexit was signed and delivered on January 31.

So the next steps?

The UK and the EU must now negotiate a

comprehensive trade deal by December 31.

The deal will cover lots of areas including

financial services, autos,

fishing rights, and border controls.

If no trade deal is struck,

tariffs will loom.

So what does this mean for us in the U.S.?

The EU and the U.S. are lining up

for more trade negotiations and

the U.S. has also signaled its intent to

negotiate a deal directly with the UK

So on all fronts, more work to do.

We invite you to read SightLines

to learn more about our views on

Brexit and the work that lies ahead.

Thank you.

The Description of Brexit: It's a wrap! | SightLines