The negotiations on the United Kingdom’s withdrawal from the EU were concluded in November 2018. The special meeting of the European Council confirmed that an agreement had been reached on the withdrawal agreement and endorsed a political declaration regarding the framework of the future relationship. This marked the beginning of the process of reaching an agreement on the withdrawal agreement, in other words, the Brexit deal. Next, the European Parliament and the UK Parliament both will have to agree on the deal.

Impact of the UK’s exit from the EU if the withdrawal agreement is adopted

The withdrawal agreement covers provisions on the transitional arrangements. The withdrawal agreement’s entry into force on 30 March 2019 would signal the beginning of a transitional period that lasts until 31 December 2020. The period can be extended by a maximum of two years. During the transitional period, the UK would comply fully with the Treaties of the European Union, EU law and the EU’s existing international agreements but could no longer be involved in the EU’s decision making.

If the withdrawal agreement enters into force, everything will continue as before until at least the end of 2020. During this time, the EU and the UK will negotiate on their future relationship and arrangements.

Effects of a no-deal Brexit

The UK has not yet adopted the withdrawal agreement and the risk of a no-deal Brexit seems have increased. Consequently, the European Commission and the Member States are preparing for the possibility of the UK becoming a country outside the EU, a so-called third country, as of 30 March 2019. This would mean that the UK is no longer subject to EU law.

General information about Brexit (Prime Minister's Office)