A Brexit Milestone

COTTonLINE has been following the Brexit story for four years. Today Breitbart reports an important milestone has been passed. Parliament has at long last nailed down the law that takes the U.K. out of the EU on the 31st of this month.

The UK will then move into an 11-month transition period, where the country will remain subject to the EU’s Customs Union and Single Market rules, as well as the free movement regime, while London and Brussels thrash out a future trade deal. There can be no extension of the transition period, as that provision was ruled out in a clause of the withdrawal agreement bill. If there is no deal agreed by December 31st, 2020, the UK will simply trade with the EU on World Trade Organization (WTO) terms.

Bravely, then, into the future.