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Brexit negotiations drag on

Industry Event

Brexit deadline

Date: Fri 29 Mar

Time: 11pm

The UK is due to leave the EU at 11pm on 29th March 2019 after Theresa May triggered this process on 29th March 2017.

Source: BBC News

What is the transition period?

It refers to a period of time after 29 March, 2019, to 31 December, 2020 (or possibly later), to get everything in place and allow businesses and others to prepare for the moment when the new post-Brexit rules between the UK and the EU begin. It also allows more time for the details of the new relationship to be fully hammered out. Free movement will continue during the transition period, as the EU wanted. The UK will be able to strike its own trade deals – although they won’t be able to come into force until 1 January 2021. This transition period is currently only due to happen if the UK and the EU agree a Brexit deal.

Resources

What might Brexit mean for members?

Parliament votes down the Government’s Brexit deal

Don’t mention the B word!

Brexit may affect your retirement income options, but don’t panic

BREXIT | What happens to employee rights if there is no deal?

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