Closer to Brexit: The presidents of the European Commission and the European Council signed off the agreement

European Union and United Kingdom are closer to an agreement on Brexit after Friday, January 24, the presidents of the European Commission and the European Council signed off the agreement which will allow the United Kingdom to withdraw from the European Union.

After Ursula von der Leyen and Charles Michel‘s formal endorsement of the deal, the text will get to the European Parliament on January 29 for ratification. The last step is to be taken next Thursday, when the diplomats from all the EU countries will sign the deal.

United Kingdom will have finally accomplished its goal of separating from the European Union, as their Brexit referendum results asked for. The will of the people prevailed in front of the rationality.

Who will gain and who will lose after Brexit? It appears that the United Kingdom economy already lost £66 billion because of Brexit, according to some sources. On top of that, the “divorce bill” will also cost around £39 billion, so altogether Brexit will cost British economy around 105 billion pounds.

On the other hand, the European Union will lose one of its strongest members and a very important contributor to the European budget. This is why some of the European officials are hurrying things up to bring Albania and Northern Macedonia in the family.

One thing is for certain now: with each step taken, we are closer to Brexit and on the 1st of February the United Kingdom will no longer be part of the European Union.