Former top EU Lawyer warns UK will suffer up to 20 years of Economic pain following BREXIT

Former top EU Lawyer warns UK will suffer up to 20 years of Economic pain following BREXIT

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Business, Social Studies

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Jean-Claude Paris, a key legal figure in EU treaties, is known for his work on Article 50, which allows a country to exit the EU. Although initially thought unlikely to be used, it was anticipated that the UK might invoke it due to its ambivalent EU stance. Paris believes Article 50 can be revoked, allowing a change of mind. Post-Brexit, the UK will face challenges like losing trade agreements and needing to replace EU laws. The transition will be costly and lengthy, with potential benefits only in the distant future. EU reforms may be delayed as focus shifts to the Brexit settlement.

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