End of the Brexit transition period: What will change?

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Publication Date 17/11/2020
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The post-Brexit transition period is scheduled to end on 31 December 2020. The United Kingdom (UK) and European Union (EU) are still in negotiations with a view to agreeing a treaty (or set of treaties) that would be ready to come in force when the transition period ends. Without an agreement in place, UK-EU trade will revert to World Trade Organization (WTO) rules and current co-operation arrangements in several areas will cease. But some things will change irrespective of whether a new UK-EU agreement is in place by 31 December.

This Insight explains some of the key changes and how the UK and EU are preparing for them.

Source Link Link to Main Source https://commonslibrary.parliament.uk/end-of-the-brexit-transition-period-what-will-change/
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