Richard Buxton's countdown to Brexit: One year to go...

Difficulties remain while negotiating exit

Ahead of the anniversary of the triggering of Article 50 tomorrow, Richard Buxton, manager of the Old Mutual UK Alpha fund at Old Mutual Global Investors, comments on the countdown to Brexit.

Following the recent draft withdrawal agreement, we have just one year to run before the UK ceases to be a formal member of the European Union (EU). Subject to the principle that 'nothing is agreed until everything is agreed', of course. So provided that over the next 12 months the UK and the EU can find a resolution to the Irish border issue and the minor matter of Gibraltar, and determine the nature of our long-term future trading relationship with Europe, in a year's time nothing much will change. We will remain members of the single market and customs union for a 21-month transiti...