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ARTICLE · 01 FEBRUARY 2018

Moving Towards A Brexit?

Clyde & Co
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On Monday 29th January 2018, the European Union issued its agreed negotiation guidelines for a proposed temporary 21 month transition period after the UK's 'exit day' in March 2019.

United KingdomGovernment, Public Sector
David Hansom
David Hansom
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On Monday 29th January 2018, the European Union issued its agreed negotiation guidelines for a proposed temporary 21 month transition period after the UK's 'exit day' in March 2019.

EU27 ministers approved guidelines laying out the terms of the UK's transition period, which will last from 31 March 2019 to 31 December 2020.

The proposal is that the UK would need to continue to implement all new EU laws during the transition period, but without the role to influence the draft legislation which the UK currently enjoys as a full member.

If the UK agrees with the guidelines, the transition agreement would help to give UK plc valuable time to prepare for any complete departure from the EU. Until the end of 2020, EU legislation would continue to apply as it does today and the UK will continue to take part in the single market, customs union and all EU policy.

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