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Retail, Food, Hospitality Brexit round-up W/E 3rd November

05 November 2019
Retail, Food, Hospitality Brexit round-up W/E 3rd November. EU Council confirms extension of Article 50 until 31st January 2020, Scottish Government publish Brexit agreement impact study.

Brexit Developments

EU Council confirms extension of Article 50 until 31st January 2020: The EU Council has issued a press release following writing to the UK Government confirming the terms of extension of the Brexit deadline until the 31st January with the proviso that withdrawal can take place earlier on 1 December 2019 or 1 January 2020, if the withdrawal agreement is ratified by both parties. View > Boris Johnson has written to the EU accepting the revised date. View >

Scottish Government publish Brexit agreement impact study: The assessment estimates that under the free trade agreement envisaged in the deal, Scottish Gross Domestic Product would be 6.1% lower by 2030 compared to forecasts under continued EU membership. This equates to £1,600 per person. The study also claims that the Scottish economy is already 3% smaller than it would have been without moves towards Brexit. View >  The Scottish Government has announced that it is setting up a Brexit advisory panel on safeguarding environmental standards. View >

Additional powers for UK financial regulators: Ahead of confirmation of Article 50 extension HM Treasury announced additional temporary transitional powers that would be granted to UK Financial regulators in case of a no-deal Brexit. View >

View more stories in the full update >

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