This in-depth analysis, commissioned by the European Parliament at the request of the Committee of Constitutional Affairs, considers the institutional, budgetary and policy implications that a so-called ‘hard Brexit’ would pose on the EU.
It analyses from a legal perspective how a withdrawal of the UK from the EU without a withdrawal treaty, transition deal and framework on future relations would affect each specific EU Institution, the EU budget for the remaining years of the current MFF, and EU policies in the crucial fields of trade, security and justice. While the study does not endorse a ‘hard Brexit’ it provides guidelines for the EU to be prepared in case such scenario were to materialise.