What You Need to Know About the Post-Brexit Trade Deal

The UK's relationship with the EU is evolving, affecting travel, residency, trade, and financial services. From 2021, UK citizens face new travel restrictions and residency requirements. Trade will encounter more friction due to customs changes. The financial sector, particularly in London, will lose some EU market access, with limited equivalence granted by the EU.

What will British travelers need to ensure when traveling to the EU post-2021?

• Travel insurance

• A return ticket

• Six months validity on their passport

• A visa for every visit

What does the withdrawal agreement protect?

• The rights of future UK immigrants to the EU

• The rights of UK citizens to travel freely

• The rights of those already living abroad

• The rights of EU citizens moving to the UK

What will importers in the UK need to manage when trading goods with the EU?

• Simplified paperwork

• Lower tariffs

• A new trade agreement

• New customs declarations and certificates

What is the EU's stance on the UK's financial services post-Brexit?

• The EU has granted permanent equivalence for all UK financial services

• The EU has granted temporary equivalence for UK clearing

• The EU has granted broad equivalence for UK insurance

• The EU has not granted any equivalence

What is the impact on the City of London regarding its financial operations in the EU?

• It retains its automatic right to sell into the EU

• It loses its automatic right to sell into the EU

• It gains new privileges in the EU market

• It faces no changes in its operations