Column

Countdown to Brexit

• June 2016:
  Referendum. Vote in favor of leaving the European Union.

• March 2017:
  UK formally triggers Article 50 and begins the two-year countdown to the UK formally leaving the EU. Article 50 extended a couple of times.

• 31 January 2020:
  UK leaves the EU and enters a transition period

• 31 December 2020:
  Transition period ends. UK leaves the EU single market and customs union.

Then came Covid

• The last pre-Covid quarter was 2019Q4.

• Covid-19 appeared in 2020Q1.

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Source: https://commonslibrary.parliament.uk/research-briefings/cbp-7960/