Key takeaways

• Since Article 50 has been triggered, businesses in the UK have been operating in a climate of significant uncertainty.
• The government has now clarified that it will be seeking to negotiate a two-year implementation period and that post Brexit regulation will begin from a position of convergence.
• Whilst these articulated positions are welcome, businesses should continue to strategically review all risks, including the possibility that there may be no clear deal with the EU on exit.