The Convergence Of Brexit And COVID-19 | WHAT REALLY HAPPENED

The Convergence Of Brexit And COVID-19

Authored by Steven Guinness,

Little has been made of Brexit since the UK ceremoniously left the EU on January 31st and entered into a transition period. Amidst the coronavirus outbreak, multiple rounds of negotiations on the future trading relationship have taken place, with round three having culminated earlier this month.

In the public eye negotiations are deadlocked. Both sides are insisting that the other must change course with just six months of the transition period remaining. As part of the withdrawal agreement, Britain has the option of requesting an extension to the transition, but must do so by the end of June. Failure to do so will mean that if a new trading relationship is not ratified by the end of the year, the UK and EU will trade on World Trade Organisation terms come the start of 2021, a consequence of which will be higher tariffs.

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