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The UK government has laid out plans on the future of the UK Internal Market with the aim of ensuring that businesses across the UK can continue to benefit from ‘seamless’ internal trade, when the UK leaves the Transition Period at the end of 2020. From 1 January 2021, the UK government estimates that powers in more than 70 policy areas, previously exercised at an EU level, will flow directly to the devolved administrations.
To ensure businesses can continue to trade seamlessly across the UK as they do now, new legislation will be brought forward to preserve access to all parts of the UK for goods and services.
How does this consultation impact your business? There will be new rules and standards in the devolved administrations. Clarity will be needed to ensure rules and standards are mutually recognised. It is essential to guard against any additional costs or barriers when doing business in different parts of the UK.
The formal consultation on legislating for a UK Internal Market has been launched. Have your say on the consultation by 13 August 2020.