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UK Single Market

From EverybodyWiki Bios & Wiki

The UK Single Market is the internal market of the United Kingdom of Great Britain and N. Ireland, consisting 4 members, England, Scotland Wales and N.Ireland. [1][2][3][4][5][6][7][8][9]


Members within the UK Single Market have free movement of goods, services , capital and people regardless of national border, with little to no tariff or non tariff barriers causing

UK Single / Internal Market
Policy Of United Kingdom 🇬🇧
Type Single / Internal Market
Members 4 Members

England 🏴󠁧󠁢󠁥󠁮󠁧󠁿

Scotland 🏴󠁧󠁢󠁳󠁣󠁴󠁿

Wales 🏴󠁧󠁢󠁷󠁬󠁳󠁿

N. Ireland 🇬🇧

Established 1707
Area UK

approximately 244,820 square kilometres (94,530 sq mi).

Population 2019 Estimates - 67,545,757

2011 Census - 63,182,178

GDP $3.131 trillion

History of the UK Single Market[edit]

The UK Single Market was established in 1707, with the signing and ratification of 5 legal text:

These legal text created Single Market of the UK with it’s current members England, Scotland Wales and N.Ireland (Republic of Ireland ceded from the UK in 1921)[12]

List Overseas Territories with Access to UK Single Market[edit]

Gibraltar[13]

UK Customs Union & Common Travel Area (CTA) [edit][edit]

UK Customs Union
Members • England 🏴󠁧󠁢󠁥󠁮󠁧󠁿

• Scotland 🏴󠁧󠁢󠁳󠁣󠁴󠁿

• Wales 🏴󠁧󠁢󠁷󠁬󠁳󠁿

• N. Ireland 🇬🇧

Established 1707
Governed by • UK Government
Common Travel Area
Members • United Kingdom 🇬🇧

Republic of Ireland 🇮🇪

Isle Of Man 🇮🇲

Guernsey 🇬🇬

Jersey 🇯🇪

Established 1923
Governed by • UK Government

Irish Government

See Common Travel Area

UK Single Currency[edit]

The UK Pound Sterling first became a single currency of the United Kingdom with the merging of

These countries all adopted the Pound Sterling

Previous Currencies

UK Single Currency
Name of Currency Pound Sterling
Members • England 🏴󠁧󠁢󠁥󠁮󠁧󠁿

• Scotland 🏴󠁧󠁢󠁳󠁣󠁴󠁿

• Wales 🏴󠁧󠁢󠁷󠁬󠁳󠁿

• N. Ireland 🇬🇧

Established 1707
Central Bank Bank of England
Governor of the Central Bank Mark Carney
Coins and Notes Coins of the pound sterling

Bank Notes of the Pound Sterling

Treaties[edit]

Domestic legislation[edit]

Wales (Principality / Constituent Country
The Laws in Wales Acts 1535 and 1542
England (Kingdom / Constituent Country)
Union with Scotland Act 1706
Scotland (Kingdom / Constituent Country)
Union with England Act 1707
Great Britain (England & Scotland)
Union with Ireland Act 1800
Republic of Ireland
Act of Union (Ireland Act ) 1800
Gibraltar
The Financial Services and Markets Act 2000 (Gibraltar) Order 2001

See also[edit]

Citations[edit]

  1. Hunt, Dr. Jo (March 15, 2018). "Devolution: The Withdrawal Bill and the concept of the UK Common Market". The Welsh Agenda. Reader in Law at Cardiff University. Unknown parameter |url-status= ignored (help)
  2. Cheruiyot, Hudson (May 7, 2018). "What is the Common Travel Area?". World Atlas. Unknown parameter |url-status= ignored (help)
  3. Newsroom, The (October 16, 2016). "Brian Monteith: The single market that matters to Scotland is the UK". The Scotsman. Unknown parameter |url-status= ignored (help)
  4. Sam, Tylor (August 28, 2019). "What is the UK Single Market?". Reaction. Unknown parameter |url-status= ignored (help)
  5. Politics, Scotland’s (Jan 25, 2017). "Scotland's trade with UK rises to £50bn". BBC News. Unknown parameter |url-status= ignored (help)
  6. Campbell, Glenn (June 30, 2016). "UK, EU - or both? Scotland's options after Brexit". BBC News. Unknown parameter |url-status= ignored (help)
  7. HERMAN, YVES (September 12, 2019). "DUP leader: Won't support Brexit deal dividing internal UK market". Reuters. Unknown parameter |url-status= ignored (help)
  8. Bogdanor, Vernon (December 22, 2019). "How Boris Johnson could avoid Britain's impending constitutional crisis". The Article. Unknown parameter |url-status= ignored (help)
  9. Lenoir, Francois (December 6, 2017). "May says details of UK internal market to be worked out in second stage of Brexit talks". Reuters. Unknown parameter |url-status= ignored (help)
  10. 10.0 10.1 Encyclopaedia Britannica, The Editors of (April 24, 2019). "Act of Union". Encyclopaedia Britannica. Unknown parameter |url-status= ignored (help)
  11. Encyclopaedia Britannia, The editors of (January 1, 2020). "Act of Union 1801". Encyclopaedia Britannia. Unknown parameter |url-status= ignored (help)
  12. Brendan, Simms (September 18, 2019). "From backdoor to backstop: Ireland's shifting relationship with Britain and Europe"". New Statesman. Brendan Simms is a professor in the history of international relations at Peterhouse, Cambridge and an NS contributing writer. His most recent book is “Hitler: Only the World was Enough” (Allen Lane). Unknown parameter |url-status= ignored (help)
  13. Lovegrove, Simon (January 15, 2019). "Draft Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2019". Regulation Tomorrow. Unknown parameter |url-status= ignored (help)
  14. Davis, Roy (May 25, 2005). "Money and Coins in Wales (Medieval to Modern Times)". Projects.Exeter. Unknown parameter |url-status= ignored (help)
  15. Rampant Scotland, Writers of. "Rampant Scotland Directory History of Scottish Banks and Bank Notes". Unknown parameter |url-status= ignored (help)
  16. Danielle, Fitzsimons (May 17, 2018). "The Evolution of Irish Money". Money Point. Unknown parameter |url-status= ignored (help)


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