29 July 2016
Brussels | Competition & International Trade
On 23 June 2016, the citizens of the United Kingdom voted on whether their country should stay in or leave the European Union. With a participation rate exceeding 71%, 52% of voters were in favour of “Leave”, while 48% voted to remain. This result raises a number of questions as to the consequences of the vote, in particular as regards the future status of the United Kingdom (UK) and its relation with the European Union (EU).
This newsletter provides a preliminary overview of the effects and legal consequences were the UK to leave the EU. It presents the withdrawal process, the principles governing the internal market, the main scenarios for the future relationship of the UK with the EU, and the specific consequences regarding the implementation of the REACH regulation.