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Britain leaves Europe’s single market
Why is it in news?
- Britain leaves Europe’s customs union and single market, as Brexit becomes reality.
- Britain- a financial and diplomatic big-hitter is the first member state to leave the EU, which was set up to forge unity after the horrors of World War II.
Details:
- Customs border checks will be back for the first time in decades.
- Despite the free-trade deal, queues and disruption from additional paperwork are expected.