UKFT Trade Issues Update

Negotiations between the UK and the EU have continued despite the current situation. The third round of meetings has just taken place with a further set expected in June. The meetings have been constructive but have yet to start to explore detailed issues. It is very likely that there will be a high level political meeting in late June to unlock the next round of discussions. Neither side is expected to ask for an extension to the transition period. Therefore, the possibility of leaving the EU’s Customs Union on 31st December 2020 without a deal is still a very real possibility.

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