The UK left the EU on 31 January 2020 at midnight (23:00 GMT). A transitional period is now in effect until 31 December 2020. During this period, all EU laws and regulations continue to apply in the UK. For businesses and the public, virtually nothing will change. This will give everyone more time to prepare for the new agreements that the EU and the UK intend to conclude after 31 December 2020. The blockade was resolved after the parliamentary elections that followed in December 2019. In this election, the Conservatives, who advocated a “revised” withdrawal agreement under Boris Johnson, won a total majority of 80 seats. After the December 2019 elections, the British Parliament finally ratified the withdrawal agreement. The UK left the EU at 11 .m GMT on 31 January 2020. This is the beginning of a transition period due to end on 31 December 2020, during which the UK and the EU negotiate their future relations.  During the transition, the UK remains subject to EU law and is part of the EU customs union and internal market.
However, it is no longer part of the EU`s political bodies or institutions.  On 24 February, Prime Minister May scheduled the next vote on the withdrawal agreement on 12 March 2019, 17 days before the date of Brexit.  On 12 March, the proposal was rejected by 391 votes to 242, a loss of 149 votes to 230 compared to the January proposal.  The Withdrawal Act set the period until 21 January 2019 to allow the Government to decide on the way forward if the negotiations did not, in principle, reach an agreement on both the withdrawal regime and the framework for future relations between the UK and the EU; On the other hand, the future ratification of the withdrawal agreement as a treaty between the UK and the EU depends on the prior adoption of another legislative act of Parliament that approves the final conditions for withdrawal after the conclusion of the current Brexit negotiations. In any event, the Law does not change the two-year article 50 deadline for negotiations, which will end on 29 March 2019 at the latest, if the United Kingdom has not ratified a withdrawal agreement by then or if the negotiating period has been extended.  An analysis in 2019 showed that after the Brexit referendum, British businesses fell significantly in the EU, while European firms reduced new investment in the UK.  The UK government`s analysis of Brexit, which leaked in January 2018, showed that UK economic growth would be slowed by 2 to 8% in the 15 years since Brexit, depending on holiday scenarios.   Economists have warned that London`s future as an international financial centre depends on passport agreements with the EU.   Pro-Brexit activists and politicians have spoken out in favour of negotiating trade and migration agreements with CANZUK countries – Canada, Australia, New Zealand and the United Kingdom   — but economists have said that trade agreements with these countries would be far less valuable to the UK than EU membership.
   Studies suggest that Brexit will exacerbate regional economic inequality in Britain, as regions already in difficulty will be most affected by Brexit.  EU leaders approve the postponement of the date of Brexit to 31 January 2020 or earlier if the British and European parliaments approve the withdrawal agreement by then. The United Kingdom (United Kingdom) left the European Union (EU) on 31 January 2020.