Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Government to take on big tech in bid to boost British news

      Breaking news headline image related to a general news article on a business website with no specific tags or categories

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Platitudes in women’s sport are empty, patronising and offensive

      Business professionals in a conference room discussing strategy with a presentation screen displaying key market trends.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Fogo de Chao nominated for Best Casual Dining Toast award

      Fogo de Chão restaurant exterior with vibrant signage and bustling entrance at popular city location

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
What is City Talk? City Talk allows marketers to connect directly with our audience by publishing content on cityam.ca
Thursday 30 January 2020 12:52 pm  |  Updated:  Thursday 30 January 2020 1:23 pm

Brexit day: what happens on 31 January 2020?

By: Vicki Owen

Add as a preferred source on Google
French train station pointing to exit
French train station pointing to exit

Brexit day on 31 January marks the end of the UK’s membership of the European Union and the start of the “transition period”. After three previous departure dates came and went (20 March 2019, 12 April 2019 and 31 October 2019), it’s the one we all expect to actually happen.

The transition – or “implementation” – period will last for 11 months until 31 December 2020.

The end of the transition period has already been referred to as a new “cliff edge”. It’s possible, however, that this deadline could be extended too – up to a maximum final date of 31 December 2022.

So what can we expect on 31 January?

In pretty much all respects we can expect everything to be exactly the same.

But at 11pm GMT the UK will leave the European Union, something no country has done before.

Three and a half years after the EU referendum, the major difference is that the UK will not have any members of the European Parliament (MEPs).

British businesses will still be covered by EU rules and trading arrangements. The UK will continue to contribute to the EU’s budget.

But Brexit in name will be “done” and the Department for Exiting the European Union will apparently be “wound up”.

Crucially, though, the reality is that 11pm on 31 January will represent only the beginning of preparations for a new relationship with the EU.

Read more

IGI Reports First Quarter of 2026 Unaudited Financial Results

Everything from trade tariffs (taxes on imports), access to fishing waters and safety standards to freedom of movement is still to be thrashed out and untangled.

  • Read more: Brexit: what’s next? The crunch dates ahead and what investors expect

Article 50 and whether the UK could have “cancelled” Brexit

There’s been no doubt over Boris Johnson’s stance on this one since he took over as prime minister in July, particularly as he campaigned in the recent general election under the slogan “Get Brexit done”. However, the possibility of revoking Article 50 and remaining in the EU has been a topic of considerable debate.

Article 50 was invoked back on 29 March 2017 by former Prime Minister Theresa May. The clause of the European Union’s Lisbon Treaty, an agreement which became law in 2009, sets out the official process for leaving the EU.

A European Court of Justice ruling in 2018 concluded it could be revoked. A petition to do just that and remain in the EU became the biggest in history last March, with more than 3.5 million names.

With the UK officially leaving and entering the transition period, revoking Article 50 is no longer an option.

The UK voted to leave the EU by 52% to 48% in 2016. More than 33.5 million votes were cast.

Important Information: The views and opinions contained herein are of those named in the article and may not necessarily represent views expressed or reflected in other Schroders communications, strategies or funds. The sectors and securities shown above are for illustrative purposes only and are not to be considered a recommendation to buy or sell. This communication is marketing material.

This material is intended to be for information purposes only and is not intended as promotional material in any respect. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The material is not intended to provide and should not be relied on for accounting, legal or tax advice, or investment recommendations. Reliance should not be placed on the views and information in this document when taking individual investment and/or strategic decisions. Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested. All investments involve risks including the risk of possible loss of principal. Information herein is believed to be reliable but Schroders does not warrant its completeness or accuracy. Reliance should not be placed on the views and information in this document when taking individual investment and/or strategic decisions. The opinions in this document include some forecasted views. We believe we are basing our expectations and beliefs on reasonable assumptions within the bounds of what we currently know. However, there is no guarantee than any forecasts or opinions will be realised. These views and opinions may change. Issued by Schroder Investment Management Limited, 1 London Wall Place, London, EC2Y 5AU. Registration No. 1893220 England. Authorised and regulated by the Financial Conduct Authority

Read more

REPLY: The Board of Directors Approves the Quarterly Report Dated 31 March 2026

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Markets & Economics
  • News

Categories

  • Business
  • Economics

Related Topics

  • Brexit

Trending Articles

  • As it happened: Stocks sink after Fed and Bank of England opt for hawkish hold; Oil price tumbles

  • FTSE 100 Live: Pound dips and stocks slip as Andy Burnham victory triggers political uncertainty

  • City investors raise alarm on Burnham’s Chancellor pick

  • Inheritance tax enquiries surge to six-year high after HMRC clampdown

  • More Big Four blues as Deloitte plans to slash UK audit roles

More from CityAM

  • IGI Reports First Quarter of 2026 Unaudited Financial Results

    Business Wire
  • REPLY: The Board of Directors Approves the Quarterly Report Dated 31 March 2026

    Business Wire
  • Logitech Announces Q4 and Full Fiscal Year 2026 Results

    Business Wire
  • Compass Pathways Announces First Quarter 2026 Financial Results and Business Highlights

    Business Wire
  • SES Delivers Robust Q1 2026 Results & Reiterates Full-Year Outlook

    Business Wire
  • Silence Therapeutics Highlights Recent Business Achievements and Reports First Quarter 2026 Financial Results

    Business Wire
  • Northern Trust Asset Management Launches Sustainable Multifactor Funds

    Business Wire
  • Natixis Investment Managers’ Funds Honored at the 2026 LSEG Lipper Fund Awards Worldwide

    Business Wire

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies