The UK and the EU did manage to strike a deal before the end of the transition period. The announcement of the agreement was a gift for Christmas. British businesses breathed a sigh of relief as the deal removed the job threat amid complete uncertainty.
The heads of the companies intend in the near future to carefully study the document defining the terms of further trade relations with the European Union. Representatives of British companies admit that the details of the agreement may be unexpected and create problems. But the existence of an agreement will allow them to be gradually resolved.
British companies are hoping for financial assistance from the government and are counting on tax cuts. Closing a deal at such a difficult time is very important for both the UK and the European Union. During a pandemic, they will be able to maintain normal trade relations.
Other issues related to Brexit will also be resolved over time. The UK Parliament will discuss the agreement with the EU at a meeting scheduled for December 30.
