30 June 2017

Brexit update

Brexit continues to dominate the news, and so we provide our latest update. Following a pointless legal challenge, and a little parliamentary pin pong, the Act for notification of the UK leaving the EU was passed, and on March 29th the UK formally submitted its “Article 50” notice to leave the EU. We
can therefore confirm our last update; the UK will leave the EU by the end of March 2019. The serious work of negotiation did briefly commence in April…but then the UK Prime Minister called a General Election… so we are once more in a holding pattern.

The Negotiations

Both the UK Government and the EU negotiation team have drawn up outline plans. The UK’s notice to leave sought to show a positive attitude to the EU. The UK has stressed we are leaving the European Union, but we are not leaving Europe – and we want to remain committed partners and allies to our friends across the continent. The UK wants the European Union to succeed and for the UK to enjoy a deep and special partnership with the European Union once we leave.

To minimise disruption to business and investors the UK has confirmed it will pass the politically named “Great Repeal Bill”, which as we explained in our last update actually means wholesale adoption of all EU law, so that nothing changes when the UK leaves. Thereafter the UK will gradually amend law to make the UK more attractive as a place to do business.

To read the full article, please click below.