Following more than three years of political divisiveness fueled by a long stint of uncertainty, two general elections and countless furious protests in the U.K., Brexit has finally happened.
The European Union has now experienced one of its members leaving the bloc Friday for the first time in its history, marking the end of the U.K.’s 47-year membership. However, the latter’s exit is currently merely symbolic, as things will not start to change drastically until the end of the 11-month transition period.
It can be argued that the country is not done with Brexit, but that it has moved on to a new chapter in the saga.
Jonathan Portes, professor of economics and public policy at King's College London, thinks that "the vast majority of individuals and businesses won’t notice anything," and that "nothing, in reality, will change."
EU nationals and Britons will keep on benefiting from free movement and will continue living in their countries under the pre-Brexit rules and regulations for the time being.
Topping the U.K. government’s priority list is the arrangement of a trade deal for future commercial relations with Europe. The biggest challenge from now on will be to achieve this in the span of just 11 months, a deadline Prime Minister Boris Johnson has insisted upon.
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