Following the ratification of the Brexit bill which was approved by the Houses of Commons and Lords by Queen Elizabeth, the United Kingdom (UK) has perfected plans to exit the European Union on January 31st, 2020.
It was gathered that British Prime Minister, Boris Johnson, will mark the cut-off from the EU with the issuance of commemorative coins and the chairing of a special cabinet meeting in England’s pro-BrexitNorth.
Analysts are of the opinion that Johnson is sacrificing the short term reality of a weaker UK economy to deliver on his promise of exiting Brexit.
The UK will now face the task of negotiating trade deals with countries individually, a journey it already started with the UK-Africa summit attended by Nigeria’s president, MuhammaduBuhari.
Getting favourable trade deals from ex-colonies like Nigeria might not pose a serious problem, thanks to the UK export finance Scheme, which gives loans to importers in countries like Nigeria to buy UK-made products.
Britain is expected to find it hard to deal with the EU however, as it enters an unscripted economic relationship.