Europe – MHRA provides more insights into Brexit preparations

On both sides of the North Sea and La Manche the positions regarding the future relations between the UK and European Union appear to be hardening. On the one hand is the UK government now changing their mind on the withdrawal agreement they signed less than a year ago. On the other hand, a form of battle fatigue appears to linger around in Brussels. This may very well result in a no-deal situation after December 31st. It is very unlikely a deal allowing free trade between UK and EU will be struck in time, which means that a no-deal situation has become very likely. The only way out of this would be that the UK government manages to regenerate the two-year extra extension to the transition period, which they should have asked for before July 1, 2020. That extension may probably be granted by EU Member States, but there may be a price for that request.

In short: a no-deal situation after December 31st is likely, but not a certainty…