After agreeing on a new Brexit deal (though broadly similar to the old one) on 17 October, the EU and UK side finally agreed this week on the principle of a third extension of the Brexit process, postponing Brexit as such until 31 January 2020. In parallel, the House of Commons massively voted in favour of a new General Election, set to take place on 12 December. This should hopefully allow for a firmer majority to emerge within the next UK parliament, creating the political conditions to adopt the new agreement negotiated at high speed by both sides.
Meanwhile, assessment of Brexit’s impact on the UK progressed recently through this report released by the Conference of Peripheral Maritime Regions. According to its findings, by leaving the EU, the UK will lose over 13 billion euros of regional development funding under Cohesion Policy, as well as 698 million euros for European Territorial Cooperation for the 2021-2027 period, to which it would be entitled.