Another Brexit Deadline

Another Brexit Deadline

Written by: PaxForex analytics dept - Wednesday, 18 December 2019 0 comments

After PM Johnson secured an 80 seat majority in Parliament, the UK is set to leave the EU by January 31st 2020. This brings another Brexit deadline into play, the transition period, which will end on December 31st 2020. PM Johnson will introduce a bill, widely expected to pass, which will make an extension of the transition period illegal. This could lead to a no-deal Brexit in just over twelve months. During the transition period, the UK is still under the EU framework without representation in Brussels. After the transition period, the UK is free to chart its course.