On Sunday, Nov. 25, EU leaders backed U.K. Prime Minister Theresa May’s Brexit plan and the U.K. Parliament is expected to vote on it in December. The 500-page draft withdrawal agreement includes commitments on citizens’ rights, a proposed 21-month transition period after March 29, 2019, and details on a 39 billion GBP “divorce bill.” Ambassadors from the remaining 27 EU member states may form an emergency summit to possibly sign off on the agreement later this month.
The 2016 vote on this matter immediately brought turmoil to the global economy, and now two years on, there’s not much more clarity on what the arrangement will look like. With the March 29, 2019, deadline to reach a deal, concerns are rising over the potential for a no-deal Brexit.
Brexit may have significant impact on data flows between the U.K and EU. The IAPP has been on the beat, working to answer privacy and data protection professionals’ pressing questions.