Brexit: UK warns of ‘bumpy’ transition, despite trade deal with EU
- Brexit deal allows tariff-free trade to continue after January 1
- Major issues remain either unresolved or at risk of flaring up again
First came the Brexit trade deal. Now comes the red tape and the institutional nitty-gritty.
Just days after sealing a free-trade agreement with the European Union, the British government warned businesses Monday to get ready for disruptions and “bumpy moments” when the new rules take effect on Thursday night.
Firms are scrambling to digest the details and implications of the 1,240-page deal sealed by the EU and the UK on Christmas Eve, just a week before the year-end deadline.
Ambassadors from the 27 EU nations, meanwhile, gave their unanimous approval to the deal on Monday.
“Green light,” said German spokesman Sebastian Fischer, whose country currently holds the EU presidency.
The approval had been expected, since all EU leaders have warmly welcomed the deal, which is designed to put post-Brexit relations between the bloc and former member Britain on reliable footing.