UK Single Market
The UK Single Market is the internal market of the United Kingdom of Great Britain and N. Ireland, consisting of 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
| 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 |
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History of the UK Single Market
The UK Single Market was established in 1707, with the signing and ratification of 5 legal texts:
- Treaty of Union 1707[10]
- Act of Union(s)[10], (Union with Scotland 1706) and (Union with England 1707),
- (Act of Union 1800)[11], (N.Ireland)
These legal texts created the Single Market of the UK with its 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
UK Customs Union & Common Travel Area (CTA) [edit]
| 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 |
UK Single Currency
The UK Pound Sterling first became a single currency of the United Kingdom with the merging of
- Kingdoms of Wales (1283)
- Kingdom of England (1707)
- Kingdom of Scotland (1707)
- N. Ireland (1800) (Republic of Ireland ceded from the UK in 1921)
These countries all adopted the Pound Sterling.
Previous Currencies
- Welsh Kingdoms used the Ceiniog)[14]
- Kingdom of Scotland used the Pound Scots.) [15]
- Kingdoms of Ireland Used the Irish Pound [16]
| 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 |
Treaties
Domestic legislation
- 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
Citations
- ↑ 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) - ↑ Cheruiyot, Hudson (May 7, 2018). "What is the Common Travel Area?". World Atlas. Unknown parameter
|url-status=ignored (help) - ↑ 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) - ↑ Sam, Tylor (August 28, 2019). "What is the UK Single Market?". Reaction. Unknown parameter
|url-status=ignored (help) - ↑ Politics, Scotland’s (Jan 25, 2017). "Scotland's trade with UK rises to £50bn". BBC News. Unknown parameter
|url-status=ignored (help) - ↑ Campbell, Glenn (June 30, 2016). "UK, EU - or both? Scotland's options after Brexit". BBC News. Unknown parameter
|url-status=ignored (help) - ↑ HERMAN, YVES (September 12, 2019). "DUP leader: Won't support Brexit deal dividing internal UK market". Reuters. Unknown parameter
|url-status=ignored (help) - ↑ Bogdanor, Vernon (December 22, 2019). "How Boris Johnson could avoid Britain's impending constitutional crisis". The Article. Unknown parameter
|url-status=ignored (help) - ↑ 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) - ↑ 10.0 10.1 Encyclopaedia Britannica, The Editors of (April 24, 2019). "Act of Union". Encyclopaedia Britannica. Unknown parameter
|url-status=ignored (help) - ↑ Encyclopaedia Britannia, The editors of (January 1, 2020). "Act of Union 1801". Encyclopaedia Britannia. Unknown parameter
|url-status=ignored (help) - ↑ 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) - ↑ Lovegrove, Simon (January 15, 2019). "Draft Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2019". Regulation Tomorrow. Unknown parameter
|url-status=ignored (help) - ↑ Davis, Roy (May 25, 2005). "Money and Coins in Wales (Medieval to Modern Times)". Projects.Exeter. Unknown parameter
|url-status=ignored (help) - ↑ Rampant Scotland, Writers of. "Rampant Scotland Directory History of Scottish Banks and Bank Notes". Unknown parameter
|url-status=ignored (help) - ↑ Danielle, Fitzsimons (May 17, 2018). "The Evolution of Irish Money". Money Point. Unknown parameter
|url-status=ignored (help)
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