Little of the UK business environment will change on day one of
Brexit, but uncertainties may take years to resolve.
Takeaways
- Britain withdraws from the European
Union as of 1 February 2020.
- EU law will continue to influence UK
law, but divergence in case law is possible over time.
- Commercial agreements between the UK
and EU states—including the status of the border of Northern
Ireland—are yet to be negotiated.
As the clock ticks down to midnight on 31 January 2020 in
Brussels and other parts of the EU, it is still 11 pm in London and
the UK is an hour behind. As the Agreement on the Withdrawal of the
United Kingdom of Great Britain and Northern Ireland from the
European Union and the European Atomic Energy Community (the
Withdrawal Agreement) takes effect, what are the
implications for business, and how will the UK get ahead?