When leaving the EU, the UK will regain sole parliamentary sovereignty over its laws. The Government has options to seek new trade deals and abolish or amend existing laws as it sees fit. The first step will be for the Government to serve notice under Article 50 of the EU Treaty. A probable two-year process will then be triggered, in which the UK will negotiate the terms of its exit with the EU Council and seek agreement on the terms of the future relationship.
The Brexit trilemma: Is there an agreement that works for everyone?
The UK must negotiate an agreement that satisfies at least three key spheres of influence. However a solution that is acceptable to UK businesses, to UK leave voters and to the EU Council and its 27 Member States, is difficult to establish.