Disclaimer: this briefing is based on a public hearing of the European Parliament Internal Market and Consumer Protection (IMCO) Committee held on 28th February 2017 on ‘The consequences of Brexit”
On 17th January 2017 the Prime Minister of the United Kingdom (UK) set out the 12 principles which will guide the United Kingdom Government in implementing the result of the referendum on leaving the European Union (EU). On 2nd February 2017, the UK Government published a White Paper ‘The United Kingdom’s exit from and new partnership with the European Union’ outlining the Prime Minister’s vision of a global UK and the future relationship with the EU.
This briefing explores the application of Article 50 of the Treaty on the European Union (TEU) and its consequences (Brexit), the role and powers of the European Parliament in the Brexit process, the potential economic impacts of Brexit, trade in Services After Brexit, trade and public procurement, and the implications of Brexit on consumer protection and health standards.