It’s over. No EU for the UK

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The deal that forged the way for free trade and more access to work and free movement throughout Europe is officially over. The UK is no longer part of the European Union.

What does this mean to Canadians?

It means UK exporters paying new EU import tariffs.

UK services – accounting for 80% of the UK economy – will lose their preferential access to the EU single market.

The Pound has dropped to a 1985 low.

So has the Sterling.

Canada will have to look at trade agreements and change them according to what the UK is wanting to export to us.

Free trade deals that the EU negotiated with 53 countries, including Canada, Singapore and South Korea, will no longer apply to the UK.

The Prime Minister has been asked to resign.