The strong government majority means that it is likely that Brexit will proceed along the lines of the Withdrawal Agreement, although we await details once a new Government is formed.
If the Withdrawal Agreement is ratified by the UK and the EU, then the timetable is expected to be:
- 31 January - UK formally leaves the EU
- 1 February - Transition Period to 31st December 2020 starts. During this period, little changes.
- uture Trading relationship negotiations are likely to start in March
- 30 June - Deadline for the UK to request an extension to the Transition Period
- At that point, much depends on the state of trade agreement negotiations.
There is still a possibility of a "no deal" at the end of 2020. DSV's plans for supporting customers will be kept under constant review until then, and if customs documentation or other measures are needed we will be ready to assist.
At this time we think it is unlikely that there will be any "no deal" scenario before the end of 2020.