The United Kingdom left the European Union on 31 January 2020. In 2020 the UK and the EU reached an agreement which sets out the rules on their new partnership that apply from 2021. Kennedys is here to keep you up to date on the latest developments and the ongoing business impacts arising from the new relationship.
- 31 Jan 2020 UK left the EU
- 1 Jan 2021 New UK-EU relationship begins
The Trade and Cooperation Agreement signals a new chapter in the EU and UK relations. The new rules create a broad economic partnership. They cover areas including trade in goods, travel and border controls, social security and fair competition. The UK and EU have also created a framework for future cooperation in many other spheres such as services, and environmental and energy issues.
Every industry is affected by Brexit. As attention turns to how businesses will respond, Kennedys is committed to helping our clients understand the key issues arising for businesses as the detail unfolds - whether you are a UK SME or a major global insurer.
Kennedys is a leading voice on Brexit, particularly for the insurance industry. We commissioned two market reports to understand how the long-term interest of the industry should be protected. With the historic Brexit deal now delivered, we provide a series of insights to support business in understanding the challenges, opportunities and legal implications of Brexit.
Our timeline illustrates what has happened to date and what we expect to happen going forward.
The UK's departure from the EU Single Market and the Customs Union has many consequences which are yet to be addressed and many aspects of the deal remain incomplete. With much of the detail still to be agreed, it is clear that the EU-UK relationship will continue to evolve and develop over time, as negotiations continue for years.
Deborah Newberry, Head of Corporate and Public Affairs