Brexit next steps

Caroline Turnbull-Hall Director Regulation and Legal Issues, PwC United Kingdom 13/12/19

On 28 October the European Council granted an extension to the Article 50 period to 31 January 2020, and Prime Minister Boris Johnson accepted the extension. However, despite the European Council previously indicating that there would be no renegotiation of the Withdrawal Agreement, a revised draft deal was agreed on 17 October, but failed to secure the approval of Parliament, until the Withdrawal Agreement Bill was enacted. 

The General Election result has provided the Conservative party with a significant majority, and as a result, a mandate for the Prime Minister to clear the fist hurdle of getting the withdrawal agreement bill enacted which approves the Brexit deal agreed by Parliament, enabling the UK to leave the EU on 31 January 2020 and enter into the 11 month transition period running until 31 December 2020. 

It is important that we remember that this is only the first stage, but it does pave the way for the negotiations around the future relationship between the EU and the UK. However, it does not take the risk of no deal out of the equation, but moves it further into the future as there will be a risk of a no trade deal Brexit at the end of the transition period (31 Dec 2020).

This piece sets out the key dates up to and beyond 31 January to determine what the next few days and weeks might have in store.

Note that this was correct at the time of writing, but events are moving quickly and we will update this to react to developments as they happen.

Date Milestone moment  

7 November 2019

Start of General Election campaign.
 
1 December 2019 New European Commission to take office.
 
12 December 2019 General Election.  
13 December 2019 Conservative Government with significant majority confirmed.  

12/13 December 2019 

European Council meeting.

 
17 December 2019 MPs return to Parliament to be sworn in.  
19 December 2019 State opening of Parliament and Queen’s speech.  
20 December 2019

First reading of EU (Withdrawal Agreement) Bill.

Start of Christmas recess to 6 January 2020.

 
6 January 2020 Parliament expected to reconvene after the Christmas recess.  
6 - 31 January 2020 Period for enactment of WAB.  

31 January 2020 

Brexit day under flextension granted by the EU leaders on 28 October.

 
1 February 2020 Phase 2 negotiations to start if the UK leaves the EU with a deal on 31 January pending approval of negotiation mandates by EU and UK.
 
1 July 2020 The deadline for the UK/EU Joint Committee to agree to an extension to the transition period beyond 31 December 2020 if required.  

31 December 2020

End of transition period (per the Withdrawal Agreement) if both the Withdrawal Agreement and Political Declaration are agreed (assuming that the current implementation period in the Withdrawal Agreement is not amended), but no extension is granted.

 

31 December 2022

End of transition period (per the Withdrawal Agreement) if both the Withdrawal Agreement and Political Declaration are agreed (assuming that the current implementation period in the Withdrawal Agreement is not amended), and an extension is granted.

 

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Caroline Turnbull-Hall

Caroline Turnbull-Hall

Director Regulation and Legal Issues, PwC United Kingdom

Tel: +44 (0)7718 966482

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