Notes

As the UK prepares for a departure from the European Union the preparations are immense. There are thousands of issues to be sorted out and thousands of negotiations to be carried out, including a change in the trading relationship with the European Union. There is therefore a huge amount of focus on the transitional phase between now and the next United Kingdom Independence Party (UKIP) election due in 7 March. In order to be ready for any potential negotiations, it is wise to consult a reputable investment adviser services company that has an expert team of consultants that are both knowledgeable and experienced in the area of transition.
When choosing your investment adviser services company make sure they have your best interests at heart. For example, a good transition advisor should be one that has a thorough knowledge of all areas of the future relationship between the UK and the EU. investment adviser compliance should also have a thorough understanding of the existing legal framework, the transitional issues and the impact of any policy changes. It is important therefore to look beyond the general picture and seek a consultation that deals specifically with the areas concerning the UK's departure from the European Union. This can only be guaranteed by engaging a professional who specialises in transition and legal matters, allowing them to access all of the technical facts that may impact upon your future relationship with the EU.

One of the more important areas of potential concern during the withdrawal process is the impact of the withdrawal on the Single Market. The single market is made up of several different areas that are dependent on the functioning of the UK economy. Some of these areas include the financial sector, tourism, agriculture, standards of living, the pharmaceutical industry, and monetary policy. As you will recall, the last of these was one of the main reasons for the UK's vote to leave the European Union in the first place. Therefore, a consultant that is very knowledgeable about the Single Market will be an invaluable asset during this period.

Another area of possible concern in the future relationship with the EU deals with the withdrawal of EU funding. In the current financial climate, financial services companies are feeling the full effect of a recession, with many being forced to cut staff, take pay cuts, or both. Negotiations on transitional arrangements will go a long way towards ensuring that the UK's money is invested in services and jobs, as opposed to infrastructure projects that could lose a considerable amount of investment as a result of the global economic slowdown. This would create a better environment for businesses throughout the UK, making the country a more viable investment destination for international businesses.

Trade deals are another area of possible concern during the withdrawal period. The Single Market and the Single Trade Agreement provide the single largest market in the world, providing opportunities and routes of travel for companies across the globe. Negotiations on transitional arrangements will help to ensure that these companies continue to utilise the markets and routes provided by these markets to their advantage and minimize the effects of any barriers or tariffs that may arise due to the negotiations. Negotiations on the Single Market and Single Trade Agreement will also go a long way toward promoting trade between the UK and the EU, providing a level of access to goods and services that may not be available if the UK were to exit the European Union without a trade deal in place. There will be a need to re-examine the impact of any new legislation and reforms on the services sector, especially in areas such as the appointment of the new Office of Fair Trading, which has been tasked with examining issues surrounding gender equality and equal access to the market place for business and financial services.

The United Kingdom's membership of the European Union has been a period of tremendous growth and development in its political and economic fields. The future relationship with the EU will be contingent upon the negotiations conducted during the withdrawal period, and it is important to remember that the UK will not be able to negotiate access to its market alone. It is vital that the United Kingdom and EU remain as close partners in global affairs, as they have been over the past forty years, and any reduction in UK trade will affect the EU, its economy, and the strength of its currency. Therefore, the importance of the single market and single trade agreement cannot be undervalued in any negotiations on the withdrawal of the United Kingdom from the European Union.
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