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Labour Crisis Follows Brexit Vote - Foreign Affairs - Nairaland

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Labour Crisis Follows Brexit Vote by nwatiti(m): 2:40pm On Jun 26, 2016
Labour crisis follows Brexit vote LIVE Live text and video updates - including all the latest reaction and analysis - after the UK votes to leave the European Union. Summary Show more updates Seven members of the Labour shadow cabinet have resigned and one has been sacked Resignations so far include shadow health secretary, Scottish secretary, transport secretary and education secretary Hilary Benn sacked from shadow cabinet by Jeremy Corbyn The UK will quit EU after Leave wins Thursday's historic referendum Scotland's First Minister Nicola Sturgeon says Holyrood could try to block the UK's exit from the EU View the referendum results in full ; See the BBC's full EU referendum special report Live reporting By Aiden James, Kevin Ponniah and Claire Heald New trade deals will need lots of government lawyers Brexit looks set to be boom time for lawyers. Anthony Woolich, from international trade lawyers Holman Fenwick Willan, says government lawyers need to look at the UK relationship with the EU and out to the world. For the EU, a deal could take the shape of joining the EEA, like Norway; or a free trade agreement; Swiss-style bilateral agreements; a customs union like Turkey; or falling back on WTO non-discrimination rules. Looking out, the UK for a while could "grandfather" - piggyback on trade arrangements the EU has with about 50 other countries, before it then has to renegotiate them itself. Are there enough lawyers to do it? He says many would need to be brought up to speed. It's a lot of agreements for parliament to approve, with a lot of countries. They also need to go through four decades of EU legislation to decide what to keep. "I think it's going to take a long time," he says. But: 13:32 The EU needs the UK and the UK needs the EU. The UK has about 50% of its trade with the EU, the EU buys lots from the UK. It's in everyone's interests for a future trading relationship to be based on a firm footing and be mutually beneficial."

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