Brexit: Transitional Arrangements

Cabinet Office written question – answered on 25th March 2020.

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Photo of Lord Blencathra Lord Blencathra Chair, Delegated Powers and Regulatory Reform Committee, Chair, Delegated Powers and Regulatory Reform Committee

To ask Her Majesty's Government what plans they have, if any, to bring forward the end date of the implementation period to 30 June in order to allow the UK to (1) regulate, or (2) deregulate, to facilitate the UK's economic recovery from the impact of the COVID-19 pandemic.

Photo of Lord True Lord True Chair, Intergenerational Fairness and Provision Committee, Minister of State (Cabinet Office), Chair, Intergenerational Fairness and Provision Committee

The transition period will end on 31 December 2020. This is enshrined in UK law. The UK will therefore fully recover its economic and political independence at the end of the year, which the British people voted for.

The Chancellor has announced various measures to provide support to businesses and workers to protect against the economic emergency caused by the coronavirus. This includes unlimited loans and guarantees to support firms and help them manage cash flows through this period. The Chancellor will make available an initial £330 billion of guarantees - equivalent to 15% of UK GDP.

Government departments are already taking many steps to ease regulations to support businesses and critical service provision doing this epidemic.

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