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IMPACT – MEDIUM
What is the Brexit news? The U.K. and the EU have agreed to postpone Brexit until Jan. 31, avoiding a “no-deal” Brexit on Oct. 31. The U.K. will also hold a general election Dec. 12.
Key points:
Analysis & Comments: While a no-deal Brexit has been temporarily avoided, the status of Brexit remains in flux, and it is unclear whether the U.K. will approve a withdrawal agreement before Jan. 31. If a withdrawal agreement is ratified before January, the U.K. will leave before then. If a withdrawal agreement is not approved, the U.K. will leave the EU without a deal on Feb. 1. To prepare for a potential no-deal Brexit, employees should register under the EU Settlement Scheme, and employers should familiarize themselves with no-deal Brexit contingency plans of European countries.
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