The UK and European Union have just under three months left to negotiate a comprehensive future relationship with the UK leaving the EU on 31 December 2020. With some observers arguing, as a result of the impact of Covid-19, that the UK will be more eager to strike a deal with the EU, it is likely that the UK Government will concede on key issues in order to secure a deal that will lessen the economic damage from lockdown. Experts see a reasonable change that the two sides can strike a deal, worth its name, before the end of the year. While it may only represent a partial agreement, it would nonetheless represent a major step from a hard Brexit.
In our latest Santander Brexit Webinar, Host John Carroll, Head of International Transactional Banking, Santander was joined by George Bridges (Lord Bridges of Headley) - former Brexit Minister and Peter Foster - Public Policy Editor for The Financial Times who spoke to us in their personal capacity on the latest developments on the negotiations. The discussion include the EU position post COVID, political context – the EU position post COVID-19, the UK political context and topics on regulation, divergence, state aid and fisheries and the support for SMEs and corporates. John Carroll also shared some of the key findings from the latest Santander Trade Barometer annual research report and how Santander can support our clients in getting ready for these new arrangements.
Santander Corporate & Commercial is a brand name of Santander UK plc (which also uses the brand name Santander Global Corporate Banking) and Santander Asset Finance plc. Registered Offices: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Registered Numbers 2294747 and 1533123 respectively. Registered in England and Wales. Santander UK plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 106054. You can check this on the Financial Services Register by visiting the FCA's website www.fca.org.uk/register.