The economic impact of Prime Minister Johnson’s New Brexit Deal

On 17 October 2019, the UK government and its EU counterparts concluded a renegotiation of the previous withdrawal agreement and political declaration which sets out the framework for their future relationship. The government hoped that this would enable the UK to leave the EU on 31 October 2019 and then, after a transition period lasting to the end of 2020, trade with the EU under a free trade agreement (FTA) while negotiating new trading arrangements with other countries.