It was on January 31 that Britain left the European Union finally, after three and a half years of the referendum. How about the transition period has led to difficulty in imposing any major change in the relationship with both the parties continuously deliberating to come at an agreement of trade deal ahead of this period which will expire at the end of the year.
Michael Gove, Cabinet Minister, says that continuous progress is being achieved in conducting the deliberations but there are still several gaps and divisions that need to be addressed. He said, “we will leave the single market and customs union regardless of the type of agreement period with the European Union at the end of this year, this will bring along several changes in significant opportunities for which all of us have to prepare.”
With all this request in the economy within Britain as well as globally makes it a rough patch for all businesses to immediately accept whatever comes next. Many of them feel that preparing for Brexit is like trying to hit a moving target which would ultimately turn out to be a nightmare for several businesses.