What does the Brexit deal mean for business?
The dawn of 2021 has brought with it the agreement by the UK and the EU of the terms of their future trading relationship. It’s early days yet, but it was always unlikely that the arrangements, which are the culmination of 4 years long “divorce” proceedings with the outcome still uncertain days before their implementation, would result in a smooth transition in all areas. And the effects of the Coronavirus on global business is adding a further dimension to the picture at the moment. It might also be expected that the finer details and practical implementation of current arrangements in some areas will be tweaked and adjusted as the EU and the UK adapt to the new set-up. As the dust settles, we will begin to see in more detail what this means in reality for UK businesses trading with Europe and the rest of the world, and for overseas investment in the UK.
For now, we look at what has been agreed, and where this leaves businesses in the key areas such as trade in goods and provision of services.
If you would like to discuss your own circumstances with one of our Brexit experts, fill in the contact form below.