|Author (Corporate)||Council of the European Union|
|Series Title||Official Journal of the European Union|
|Series Details||L 189|
Council Regulation of 9 July 2019 adopted as part of the EU's preparedness and contingency plan to mitigate the negative effects of the United Kingdom leaving the Union without a withdrawal agreement.
Since the notification by the United Kingdom of its withdrawal intention, the European Union has consistently stated that the EU and the UK should honour their respective obligations resulting from the whole period of the UK’s membership in the Union. The absence of a withdrawal agreement at the withdrawal date would not affect that guiding principle.
A no-deal scenario would leave the budgetary relations between the EU and the UK without agreed legal arrangements, until an agreement is eventually reached. Such a legal vacuum would create considerable uncertainty and difficulties for the implementation of the Union’s budget, for all UK beneficiaries and in some cases also for beneficiaries of the other Member States.
In 2017 the United Kingdom submitted notification of its intention to withdraw from the Union. This means that, if a withdrawal agreement is not ratified, the EU's primary and secondary law will cease to apply to the UK from 30 March 2019 (the withdrawal date, later extended to 31 October 2019). The UK will then become a third country.
The European Commission presented a Contingency Action Plan in November 2018 setting out the measures it plans to take if no withdrawal agreement enters into force on the withdrawal date.
|Subject Categories||Economic and Financial Affairs|
|Subject Tags||Brexit, EU Budget|
|Countries / Regions||United Kingdom|
|International Organisations||European Union [EU]|