On 23 June 2016, the UK electorate voted that the UK should leave the EU. The process of leaving the EU will be commenced by invoking Article 50 of the Treaty on European Union (Lisbon Treaty). Whilst the UK Government has indicated that they will not invoke Article 50 in 2016, once they do, the UK will have a period of two years to successfully negotiate the terms of their exit, after which time the EU can impose exit terms. The two year negotiation period can be extended, but only with the agreement of all the other Member States.
Until the terms of the UK’s exit are finalised there will inevitably be a period of uncertainty with a great deal of emphasis on the nature of the UK’s ongoing relationship with the EU post-exit. There will be a number of impacts for all sectors of UK business.
To stay up to date with the latest developments and the impact they will have on your business, please browse our Brexit resources or sign up to our Brexit update and events list.
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