Brexit: Unprecedented, Unpredictable, Uncertain

Brexit: Unprecedented, Unpredictable, Uncertain | Nawrocki Smith LLP

“Brexit,” though it might sound like some type of medieval disease, is a brand-new word in the English language. To some it may mean “opportunity,” to others “disaster,” yet its dictionary definition will always be “the British withdrawal from the European Union.” The European Union (EU) is basically a club with benefits among 28 (soon to be 27) European nations, based on four freedoms:

  1. The freedom to move goods
  2. The freedom to provide services
  3. The freedom of workers to move between the EU countries
  4. The freedom to move capital amongst those countries

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