It had seemed for many that the end may be in sight as January 31 marked the start of the transition period for the UK and its leave from the EU, but with the global pandemic striking in March it seemed that many of these talks may find a long delay which still needs to be tied up before the end of the year as October being used as a target deadline for many talking points to be wrapped up. The current main delay is being found around state aid level playing field and fisheries amongst other points with eyes on a potential breakthrough being made in September, but time is certainly running thin. There’s still a lot of potential for a messy deal with the alternative of the UK and EU looking to WTO terms including tariffs and quotas, but there are other businesses that may be struggle because of these delays.
One sector finding a lot of growth in recent months has been within online betting and gambling as many of us stuck at home have turned to an alternative form of entertainment, but Brexit may put many of these operators at risk, particularly those that aren’t registered within the UK itself. In order to skirt particular initiatives such as Gamstop aimed at reducing participation options for a number of problem players, may operators choose to register in countries such as Malta and Gibraltar, but with deal deadlines looming many of these operators may be at risk of losing out on either a primarily UK based audience or a primarily European based audience and when looking at how to get around Gamstop many players are turned towards these sites – and given there had been a large crossover for players across different borders in many countries many may find themselves unable to access their previous favourite sites or services.
These types of sites may not be the only ones affected by this however as any business operating online may come to face similar issues – much like the changes seen by GDPR in 2018, different requirements across different countries and between the UK and Europe could find many having to adjust strategy and how they deliver their service to the customer – this will be another point of contention when a final deal is arranged.
A problem being faced now however is that further delays may be found heading into the winter months – for many parts of Europe there may be a second outbreak of the virus beginning to spread and experts have warned that winter may be particularly bad as flu season begins too, with the end of the year being targeted for final preparations to be made, further delays could spell some bad news for any potential deal too particularly for Prime Minister Boris Johnson as increasing pressure could force a last minute deal with compromises on either side that could leave some businesses out to dry – despite the end of the year approaching very quickly and the need for a deal to be made, it does seem that to some degree and for many businesses we’re still very far away from any deal being reached with a lot of information still missing, and a lot still to be desired.