29 October 2019
EU agrees to delay Brexit until 31 January 2020
President of the European Council, Donald Tusk, has announced that the EU has agreed to delay Brexit until 31 January 2020 at the latest. He added that a "flextension" will be approved and "formalised through a written procedure", which is likely to happen this week. The decision to delay came after a meeting of the EU27 ambassadors.
If Boris Johnson succeeds in getting his deal through parliament before then, Brexit will happen earlier.
The prime minister requested the delay after MPs forced him in order to prevent a no-deal on 31 October 2019.
“Brexit will be defined by the party that wins a sufficient majority in the House of Commons. If however, there is a hung parliament, Brexit will be defined by the alliances that are formed between those wishing to remain in the EU and those wanting to leave. So it’s still unclear as to how Brexit will unfold.
“Companies have an extra three months to prepare for the UK leaving the EU. With Christmas holidays in the mix, this doesn’t give business owners much time to finalise any preparations they need to make ahead of the departure. Please get in touch now to see if we can advise.”
If you would like to discuss how your business can be prepared for Brexit please get in touch with the team on 01753 279022 or email email@example.com.