A snap general election was called by PM Theresa May which took place on 8 June 2017. The election resulted in a hung parliament, with the Conservatives losing their majority and seeking to form a minority government with the Democratic Unionist Party (DUP). A scaled down Queen's Speech was then presented on 21 June, with the parties debating its contents with a view to a government being formed.
The Conservatives and DUP formalised their agreement on 26 June after 18 days of negotiations between the parties, and a minority government is now in place.
Trade deal or no deal?
The implications of Brexit on transatlantic trade
Brexit and the election of Donald Trump as US President have triggered considerable uncertainty about the future of trade between the EU, the UK and the US. What has traditionally been a bi-lateral trading picture will become a three sided relationship; a 'Transatlantic Triangle'.
This Gowling WLG report aims to cut through that uncertainty by investigating what the US, one of the UK's biggest trading partners, wants out of a Brexit deal to keep trade flowing and provide practical advice on what businesses can be doing now to best prepare for several years of change and uncertainty. It will:
- Lift the lid on the implications of Brexit on transatlantic trade
- Provide a detailed guide into which Brexit models are the most likely, why and what that means for transatlantic trade
- Provide six key actions that businesses need to consider now in preparation for the Brexit
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.
The significant changes we have seen in the last year are all part of the huge process of transition for the UK, triggered by the leave decision. Here, we'll continue to post regular updates on the latest developments and share our insights to help you navigate the new road ahead. If you'd like more information about the potential impact of Brexit for a specific sector, find out more about our Brexit unit.
NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.