IT LOOKS THAT WAY according to the EU’s 27 member states. Reports indicate that leaders across the board have decided on a final bill that permits the UK to leave the European Union with a deal. A deal, uh, that still not everybody is convinced about.
As of now, the U.K is set to reportedly leave the bloc on 29 March 2019 — the first time an EU member has actually ever left the bloc.
Here’s what we know so far about the withdraw agreement.
- There is now a such thing as a “transition period”. A period which will allow businesses to adjust to the U.K’s exit. The period is meant to allow businesses the time that they need to adjust to the eventual new trade deal the U.K hopes to acquire. If the first agreement becomes indefinite, there will be no changes to current business practices from the dates of 29 March 2019 until about December 2020.
- It is in fact written into law that the U.K is scheduled to leave the bloc on 29 March 2019 at 11 pm BST.
We will update this page as we continue to learn more as to what’s been agreed on.