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Post Brexit transitional period

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Philip Hammond confirmed on Friday 28 July 2017 that the cabinet had agreed to seek a transitional period of about three years, ending before the next general election, due in 2022. A transitional period would effectively amount to a phased period of implementation, allowing UK and EU institutions, along with businesses and individuals, time to prepare for the new post-Brexit arrangements.

“There will be a process between the date we leave the European Union and the date on which the new treaty-based arrangements between the UK and the European Union which we hope and expect to negotiate come into force,” said Philip Hammond.

It has been reported that Mr. Hammond suggested there could be a tribunal system, rather than the European court of justice, to settle any disputes during the transitional period, similar to the arrangements in place in European Economic Area countries such as Norway.

It has also been reported that some EU member states are unenthusiastic about a transitional period as it gives the UK too many benefits without being a member of the EU. The EU Commission’s response to this remains to be seen, however it has previously said in it would be willing to allow a transitional period from as early as its draft negotiation plan published in March 2017.

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