Brexit Hub

On 23 June 2016, the UK voted in a historic referendum on whether it should exit or remain in the European Union. It was announced that the UK voted to leave the EU by 52% to 48%. Leave won the majority of votes in England and Wales, while every council in Scotland saw remain majorities.

Brexit is fast approaching. To help our members navigate the implications of Brexit for their businesses, the Chamber is delighted to announce a special partnership with Eversheds Sutherland to provide members with the latest information and insight.  Over the coming months, we’ll bring you the latest developments through a series of e-briefings, webinars, breakfast briefings and other events.
 

Upcoming Eversheds Sutherland Events

The first event will be a webinar hosted by Eversheds Sutherland. Members will shortly receive an invitation to what promises to be an interesting and informative event.

 

Latest Updates

28/11/18:  What does the Political Declaration tell us about the UK’s future relationship with the EU?
 
On Sunday, 25 November 2018 the European Council met to approve the draft UK-EU Withdrawal Agreement and the Political Declaration on the future relationship between the UK and the EU.  
 
The Political Declaration was published on 22 November 2018.  It has the common goal of establishing a bespoke “UK model” relationship, although how this will be achieved is up for debate.  The Political Declaration adopts a sector-by-sector approach which, anticipates a model which would offer the UK a significant degree of market access for the sectors covered, subject to reciprocity and “a level playing field for open and fair competition”, while acknowledging that the UK does not want full free movement of people and will want to conclude its own trade deals.
 
Ros Kellaway and Adam Ferguson from Eversheds Sutherland detail in their latest article what the Political Declaration tells us about the UK’s future relationship with the EU 
 
Read the full article here.
 
 

23/11/18: The Political Declaration: What does it tell us about the UK-EU future relationship?

On Sunday, 25 November 2018 the European Council will convene to obtain Member State approval on both the draft Withdrawal Agreement (“WA”) and the political declaration on the future relationship between the UK and the EU (“PD”). In due course, the UK Parliament will also need to approve both documents before the agreement can be ratified.
 
On 22 November 2018, a much fuller version of the PD was published, now up from seven pages to 25. This contains the aspirational, but generally unspecific, language that is often the hallmark of international diplomacy. The PD has the common goal of establishing a much deeper relationship than any free trade agreement – it is a bespoke “UK model”. How this will be achieved is up for debate. 
 
Read Eversheds Sutherland's full article here 
 
 

16/11/18:  Brexit – How did we get here and what happens next?

On 13 November 2018 (almost twenty-nine months since the vote), it was reported that the terms of a draft Withdrawal Agreement had been agreed. However, the agreement must be approved by the UK Parliament, which represents a major hurdle to an orderly Brexit. Whether the Prime Minister will be able to muster sufficient support for the deal struck with the European Commission remains to be seen. Unless an extension to the notice period is agreed, the UK will leave the EU at 11pm GMT on 29 March 2019 (either with or without a deal).

In this article, Eversheds Sutherland explores what the key terms of the proposed Withdrawal Agreement are, what may happen next and the implications for Chamber members.

Read the full article here

 

14/11/18: The CBI has given its response on Cabinet backing for the draft Withdrawal Agreement as part of the Article 50 process.

Carolyn Fairbairn, CBI Director-General, said:

“After 20 months of debate, this agreement by Cabinet is progress. If passed, it moves the UK one step away from the nightmare precipice of no deal and the harm it would cause to communities across the country. Securing a transition period has long been firms’ top priority and every day that passes without one means lost investment and jobs, hitting the most vulnerable hardest. Time is now up. This deal is a compromise, including for business, but it offers that essential transitional period as a step back from the cliff-edge."

Read more

 

14/11/18:  The British Chambers of Commerce comments on Brexit agreement

Commenting on the announcement from the Prime Minister that the Cabinet has backed the draft Withdrawal Agreement and the political declaration on the future relationship between the UK and the EU27, Dr Adam Marshall, Director General of the British Chambers of Commerce, said:

“Businesses will recognise the huge efforts made by the Prime Minister and across government to reach this milestone.

“With people’s livelihoods and the future prospects for many companies in the balance, this is not the time for snap judgments. Businesses will be looking carefully and deliberately at the real-world implications of this agreement over the coming days, and expect their elected representatives to do the same."

Read more

 

Useful Documents

Seeing Clearly - making sense of Brexit Ros Kellaway has recently contributed to Eversheds Sutherland's new Brexit guide which considers the main issues surrounding the UK’s withdrawal from the EU.
 
 
 

 

 

 

 

Video Content

Ros Kellaway, head of Eversheds Sutherland’s Brexit practice, outlines the key features of the Withdrawal Agreement and the Political Declaration. The UK Parliament is likely to vote on these in the coming weeks.

In this video, Ros examines some of the key details, including:

  • The protected status and rights of UK citizens living and working in the EU and vice versa
  • The set of procedures that intend to ensure an orderly exit
  • Details of the transition period
  • The methodology for calculating the financial settlement
  • Details on how disputes related to the withdrawal agreement will be resolved

The protocol on Ireland and Northern Ireland has been difficult to negotiate and one of the key questions is whether the UK can withdraw from the backstop after the transition period. The UK can request for an extension of the transition period, but what are the possible implications?

What about the future free trade agreement? The political declaration outlines what a future free trade partnership will look like once the UK leaves the EU on 29 March 2019. But how this will be achieved is up for debate.

Click here to watch this short video to hear more from Ros Kellaway.

 

Andrew Seaton, Executive Director of the British Chamber of Commerce in Hong Kong, talks to CNBC about the opportunities and challenges for businesses here in Hong Kong surrounding Brexit, and those wanting to invest in the UK.

Click here to watch the full interview

 

Ros Kellaway, Partner, Eversheds Sutherland

Ros is head of Eversheds Sutherland’s Competition, EU and Trade Group and has been a Partner in Eversheds Sutherland’s commercial practice since 1989. She specialises in cartels, competition investigations, distribution and market studies/investigations, and also advises on all aspects of EU law.

Ros is also one of Eversheds Sutherland's specialist Brexit lawyers.