In brief
Last week, the UK and EU27 agreed on a flexible extension of Brexit until October 31, 2019. The current political landscape seems to suggest that leaving the European Union (EU) without a ‘deal’ is not supported in the UK Parliament and thus, the flexible extension gives Theresa May some breathing space to find a majority for the Withdrawal Agreement. Achieving a ‘deal’ likely would result in employers having greater clarity from a social security perspective; however, the possibility of a ‘no deal’ Brexit continues to remain a threat on the horizon.
