Brexit

The UK left the EU on 31 January 2020. A transition period, during which EU laws continue to apply in the UK, is due to end on 31 December 2020. The UK/EU Withdrawal Agreement sets out transitional arrangements and negotiations for the future UK/EU relationship are ongoing.

Sectors

Brexit will impact most businesses in some way, but certain sectors will clearly be more affected by than others: namely those that trade goods/services across the UK and EU, and wish to continue to access the EU market with minimal regulatory divergence; and those that rely upon a continued supply of EU labour. The outlook for these sectors in terms of their exposure after the end of the transition period will depend upon the outcome of the ongoing negotiations for the future relationship between the UK and EU, and developments should be monitored closely. 

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