At the time of writing, we will leave the EU on the “Exit Day.”
The Exit Day is now 11:00 pm on 12 April 2019.
Given that whatever happens is likely to have an impact on you, I thought it’d be sensible to explain the state of play.
So what options are available to Parliament before April 12th?
- Decide to extend the Article 50;
- Revoke the Article 50 Notice;
- Conclude the Withdrawal Treaty;
- Exit without the Withdrawal Treaty.
When the UK leaves the EU, Article 50 states that the EU Treaties will cease to apply to the UK.
If the Withdrawal Treaty is concluded it is likely that:
- A post exit transition period will run from the Exit Day until the 31 December 2020;
- This transition period could be extended for up to 1 or up to 2 years by decision of the joint committee (this joint committee is established by Article 164 of the present Withdrawal Treaty and includes UK and EU representatives);
- Most EU law (including amended and supplemental law) will continue to apply to the UK during this period;
- The future relationship will be formally negotiated based on the terms set out in the political declaration (an appendix to the Withdrawal Treaty which gives a framework for the future relationship that UK and EU negotiators aim to make before withdrawal);
- If an agreement on the future relationship is not agreed at the end of the transition period (or any extension of it) the withdrawal agreement backstop would come into effect.
What is the backstop?
The backstop establishes a single UK –EU customs territory, aligning Northern Ireland to EU customs and single market rules, allegedly required to avoid a hard border.
It imposes UK- EU “level playing field” rules regarding such things as competition, taxation, employment standards, etc.
If you think any of these areas are going to affect you, or might affect you, please get in touch and I’ll be happy to give you more information.