The UK leaves the EU on Friday 31 January
Friday may be Brexit Day but nothing much will visibly change when it comes to day-to-day business. Instead, the UK will enter an 11-month ‘transition’ period that will end on 31 December 2020.
Having exited the European Union (EU), trade talks will commence in earnest – negotiations with the EU, for example, are due to start the first week of March. The next key date is 30 June 2020, which is the deadline for deciding whether we need to extend these trade talks.
Finally, if by 31 December 2020 a trade deal has been ratified, the UK will exit with a deal and a new relationship with the EU. If the deal is not ratified, then the UK will exit the EU without a deal.
During this period, the UK will remain within the EU’s customs union and single market, will have to follow its rules and contribute to the budget. It will not, however, have a political voice as there will be no British Members of the European Parliament.
If you have any questions please contact Antonia [email protected].
Having exited the European Union (EU), trade talks will commence in earnest – negotiations with the EU, for example, are due to start the first week of March. The next key date is 30 June 2020, which is the deadline for deciding whether we need to extend these trade talks.
Finally, if by 31 December 2020 a trade deal has been ratified, the UK will exit with a deal and a new relationship with the EU. If the deal is not ratified, then the UK will exit the EU without a deal.
During this period, the UK will remain within the EU’s customs union and single market, will have to follow its rules and contribute to the budget. It will not, however, have a political voice as there will be no British Members of the European Parliament.
If you have any questions please contact Antonia [email protected].
