Fiscal & Regulatory Issues on Energy industry: Examining Changes required to attract Investment in the North Sea & UK Energy Markets as a Result of Brexit
Article from: OGEL 2 (2017), in Brexit
Summary
There are several "models" for what the relationship between the UK and the EU might be following the UK's exit; whose formal process for leaving the EU entails the Prime Minister giving written notice under Article 50 of the Treaty on European Union. Following Brexit, the UK's trade relationship with the EU would be protected only by the rules of the World Trade Organization (WTO), which should be viewed as a worst case outcome. Brexit is likely to cause significant uncertainty concerning a wide range of issues for at least the next two years or more. This is likely to reduce ...