Timetable for Withdrawal
When the Conservative Party eventually (this century or next) comes out for withdrawal from the EU, they are going to have to accompany it with a detailed timetable. The markets would be hit enough by this that any uncertainty about the process would be unwise.
Here is a provisional timetable I’ve put together. Please comment on it so we can improve it.
- 0 months:
- Announcement of intention to withdraw.
- Royal Commission on EU Law established. To report on consequences of EU law lapsing in UK.
- 2 months:
- Negotiations on final status agreements with EU begin.
- US trade negotiations begin
- Commonwealth trade negotiations begin
- 6 months:
- Royal Commission on EU Law reports.
- 10 months
- EU trade agreements signed/membership of EFTA confirmed.
- UK/EU defence cooperation agreements signed.
- Preliminary footing on trade agreed with major world blocs.
- USA free trade agreement signed?
- Australia free trade agreement signed?
- 12 months:
- Formal withdrawal from Treaties of Rome, Maastricht, Amsterdam, Nice.
- Repeal of the European Communities Act 1972.
- Act of Parliament enacting the recommendations of the Commission on EU law.
- Transition payments to agriculture industry begin.
- 18 months:
- First Anglosphere Summit held.
Obviously the time frame may be unrealistic. 24 months might be more sensible etc. I’ll keep adding to it as I think of stuff.