Can you briefly describe the consequences of the Brexit vote?

The implementation of the 2011 European Act caused the need for confirming the UK’s and EU’s sovereignty. After the implementation of this Act, there were further discussions about the country’s sovereignty during the Prime Minister’s attempt to renegotiate being members of the EU.  David Cameron proposed the implementation of the Sovereignty Bill which included more provisions than the initial sovereignty clause. Article 50 outlines the guidelines on the country’s maintenance of international relations and participation in foreign issues.  The implementation of laws related to being members of the EU can only be stopped by the country’s parliament.

The Brexit vote triggered a two-year transition period during which the EU laws are still applicable in the UK as per the 1972 Act. During this transition period, the country’s government can repeal the 1972 Act and the international actions and relations will be based on the parliament’s enactment. The CJEU said’… for those benefits, the state has limited their sovereignty rights…’ and therefore limited their ability to make the law which goes against the treaty. This also exemplified in Costa v ENEL (1994), where it discusses the supremacy of the EU law because the UK agreed to priorities EU law above their own within certain areas. Brexit impacted various aspects of the EU membership including the four freedoms; The four freedoms allow the movement of goods, services, money, and people.  Article 30 of the TFEU prohibits all kinds of trade restrictions between member states but post-Brexit the UK will no longer enjoy the free trading benefits that it has with the EU.