Brexit Untangled

Gowling WLG has set up a team of legal experts who are on hand to answer your questions as they arise. They can work with you to tackle the challenges, but also seek the potential opportunities, that Brexit will bring.

With less than 12 months to go until the UK is expected to exit the EU, the final milestones are clearly set out. These culminate in votes within both Houses of Parliament in the Autumn of 2018 and The European Parliament.

As the process of Brexit gathers pace, so does the debate. Over the last few months we have seen a greater speculation around the impact of the vote to leave the EU on not only the UK economy and politics but also the rest of the EU. What will it mean for EU imports into the UK? Is there a wider impact to predicted changes in equity prices in the banking sector? And how will it affect the negotiation of international free trade deals?

Our Gowling WLG experts have been among the first to comment in the media on every major Brexit milestone. Subsequently, we are playing a regular part in the conversation of how the UK is moving towards exiting the EU.

Counting down to Brexit - 12 months to go…

Please note that some of these timings are indicative only.

October 2018
End of UK-EU negotiations on withdrawal and draft agreements published: a 'Withdrawal Agreement' and political declaration on 'framework for the future relationship'.

Late 2018
Both Houses of Parliament vote on whether to accept a final Brexit deal or walk away from the agreement before it goes before the European Parliament.

The European Parliament's Constitutional Affairs Committee reports on the Withdrawal Agreement.

Late 2018/Early 2019
The Withdrawal Agreement and Implementation Bill introduced to the House of Commons (the vote on second reading to be a de facto second 'meaningful vote').

Late 2018
The European Parliament votes on the Withdrawal Agreement.

Early 2019
The EU Council concludes the Withdrawal Agreement by a super-qualified majority (20 of EU27) after receiving European Parliament consent.

March 2019
Withdrawal Agreement and Implementation Bill passed (assuming Bill must be passed before exit to provide the necessary legal framework for transition/implementation period).

Withdrawal Agreement ratified by UK in accordance with the Constitutional Reform and Governance Act 2010.

29 March 2019
The UK is expected to leave the EU.

30 March 2019
Transition/implementation period begins.

December 2020
EU is seeking the transition period to end.

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