Brexit: A brave new dawn

Dawn on 24 June 2016 saw, as well as a new day, the start of a new era. Britain voted to leave the EU, and the Prime Minister  tendered his resignation.

With the ‘Leave’ campaign mustering 52% of votes cast, the decision has been made, and now, naturally, thoughts turn to the future. What does this mean for businesses and individuals in the UK? In truth, nobody yet knows. With such a range of economic and social drivers in play, it is virtually impossible to accurately predict the future based on past experience. Now, more so than ever.

 

Now

On 19 June, 82 days after triggering Article 50, Brexit negotiations finally began. With the Brexit Secretary calling for ‘a deal like no other in history’, initial subjects are expected to include issues such as the status of expats, the UK’s ‘divorce bill’ and the Northern Ireland border.

Next

The talks are expected to follow the EU’s preferred pattern, addressing Britain’s exit from the Union first, before moving onto future issues. Five business bodies have joined together to call for continued access to the single market until negotiations are concluded. The British Chambers of Commerce, Confederation of British Industry, EEF, Federation of Small Businesses and the Institute of Directors are all requesting that the Government put the economy first throughout the negotiations. What impact this will have will be revealed in due course.

Ask your question

Each month we will be interviewing our legal experts on various aspects of Brexit. These interviews will be available on our blog. If you'd like to submit a question for consideration in these interviews, please complete the form, below.