‘The British people have spoken and the answer is we’re out’. Those words spoken by David Dimbleby on the morning of 24 June 2016 have finally come true more than four and a half years later. At 11pm on 31 December 2020 the transition period came to an end and from that point on the relationship between the two trading blocs will be governed by the ‘EU-UK Trade and Cooperation Agreement’.

Although this provides some much needed certainty for UK businesses it is by no means a comprehensive handbook for our future trading relationship. On the one hand there is much for businesses, large and small, to digest in this new agreement (which runs to more than 1,200 pages) but on the other, there are many areas where agreement still needs to be reached at a high level before the detail can be worked out.

For businesses told to ”be prepared” for Brexit there are now some specific considerations and actions to be taken, where appropriate.

For some specific pointers on areas to consider please click through to our articles below or contact Emma Shipp for more information.

There are a myriad of implications to consider depending on your area of business. Please contact Emma Shipp for more information or to book a review of your business needs post Brexit.