Marking the anniversary of Article 50 and one year until Brexit Day, The McWhinnie Consultancy provides a simplified overview of Brexit to date and considerations for business.
3. BREXIT
H O W D I D W E A R R I V E H E R E
On 23rd June 2016, voters in the UK
were asked ‘Should the United
Kingdom remain a member of the
European Union or leave the European
Union’
5 1 . 9 % V O T E D T O L E A V E
A surprise result to almost everyone,
including those that voted to leave
Brexit had arrived.
5. DIAGRAM SECTION
CURRENT POSITION
A C O M PA N Y I S A N A S S O C I AT I O N O R C O L L E C T I O N O F I N D I V I D U A L S , W H E T H E R N AT U R A L P E R S O N S , L E G A L P E R S O N S ,
O R A M I X T U R E O F B O T H . C O M PA N Y M E M B E R S S H A R E A C O M M O N P U R P O S E A N D U N I T E I N O R D E R T O F O C U S .
5
Article 50 has been triggered. The UK are leaving the
EU on the 29th March 2019 at 11pm.
Phase 1 negotiations were agreed on 8th December
2017 outlining a payment would be made to the EU in
the region of £40-50bn; EU citizens rights would be
further discussed as would the Irish Border promising to
be no hard border & uphold the Belfast Agreement.
Transition Agreement was reached following pressure
from UK business to provide an element of certainty to
Brexit.
6. DIAGRAM SECTION
BREXIT TRANSITION TERMS
A C O M PA N Y I S A N A S S O C I AT I O N O R C O L L E C T I O N O F I N D I V I D U A L S , W H E T H E R N AT U R A L P E R S O N S , L E G A L P E R S O N S ,
O R A M I X T U R E O F B O T H . C O M PA N Y M E M B E R S S H A R E A C O M M O N P U R P O S E A N D U N I T E I N O R D E R T O F O C U S .
6
• The transition period will
last from Brexit day on
March 29, 2019 to
December 31, 2020
• EU citizens will enjoy
same rights and
guarantees as those who
arrive before Brexit. UK
expats enjoy same rights
in EU.
• UK will still be party to
existing EU trade deals
with other countries
• Northern Ireland will stay
in parts of the single
market and customs
union in the absence of
other solutions to avoid a
hard border with the
Republic of Ireland
• The UK will be able to
negotiate, sign and ratify
its own trade deals during
the transition period
• From 2021 the UK will
negotiate terms deciding
who can access its
waters
" N O T H I N G I S A G R E E D , U N T I L E V E R Y T H I N G I S A G R E E D "
7. WHAT’S AHEAD?
• C H A L L E N G E S F O R T R A N S I T I O N A R E
1. Customs checks and infrastructures
2. New immigration structures
3. New regulatory agencies i.e aviation, chemicals, medicine, crime
• Q U E S T I O N O F T H E N O R T H E R N I R E L A N D B O R D E R
1. How to overcome a hard border between Northern and Southern Ireland
• N E G O T I A T I O N O F A F U T U R E T R A D E R E L A T I O N S H I P
1.The outline of such deal, whether on Theresa May’s terms or not, should be
reached by autumn 2018.
2. Without an agreement on trade, the UK would operate with the EU under
World Trade Organisation rules, which could mean customs checks & tariffs
on goods as well as longer border check for travellers.
8. A U T U M N
2 0 1 8
UK PARLIAMENT
VOTES ON
WITHDRAWAL
AGREEMENT
EU will only discuss
Treaty when UK leaves
the bloc
M A R C H
2 0 1 8
A TRANSITION DEAL
IS AGREED
MARCH 29,
2019
THE UK LEAVES THE
EU, SUBJECT TO
TRANSITION RULES.
Deadline for ending
talks on the UK’s
withdrawal terms from
the EU
LATE 2018
EU PARLIAMENT TO
VOTE ON
WITHDRAWAL
AGREEMENT
DEC 31,
2020
BRITAIN LEAVES THE
EU & TRANSITION
PERIOD
MARCH 2019
- DEC 2020
TECHNICAL TALKS ON
THE FUTURE TRADE
RELATIONSHIP
M A R C H 2 0 1 8
BREXIT TIMELINE
The EU will not agree to the negotiation of a trade deal until after the UK fully
leave the bloc. Some trade negotiators warn this could take years.
9. P E O P L E
F I N A N C E
O P E R A T I O N S & S U P P LY C H A I N
T E C H N O L O G Y & I N N O V A T I O N
S A L E S & M A R K E T I N G
B U S I N E S S S T R A T E G Y
Change will affect every aspect of your
business. Examine and respond
to the Brexit challenges.
RISKS TO BUSINESS
10. BREXIT HEALTH CHECK
For small businesses, uncertainty
is often one of the biggest
hurdles to overcome. And it
doesn’t get much more uncertain
than Brexit.
11. BREXIT JARGON
BUSTER
A R T I C L E 5 0 ?
T R A N S I T I O N P E R I O D ?
C A N A D A P L U S P L U S
P L U S ?
Explore our Brexit jargon buster to
overcome the confusion of Brexit
terminology.
www.TheMcWhinnieConsultancy.uk/
resources/brexit-jargon-buster/
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