February 7th, 2020.

Volatile currencies, tariffs and customs checks are just some of the uncertainties if the EU and UK cannot agree on a trade deal.

Brexit was officially set in motion last month, and the UK’s withdrawal from the European Union is already underway. From the January 31st, 2020 until the end of December 2020, the UK and EU will be in a transitional period of alignment with the EU during which both parties will hopefully negotiate new trading agreements.

Interestingly, the implementation of the UK’s withdrawal from the EU is already throwing up some concerns about how UK businesses are likely to fare at the end of the transitional period.

Brexit will affect everybody living in the UK and in the EU to varying degrees and businesses on both sides of the divide must be ready to adapt to new realities as free trade of products and services and the free movement of people happen under a new set of rules.

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