The withdrawal agreement provides for a transitional period until 31 December 2020, during which time the UK will remain in the internal market, to ensure the smooth flow of trade until a long-term relationship is concluded. If no agreement is reached by then, the UK will leave the single market without a trade deal on 1 January 2021. The withdrawal agreement is closely linked to a non-binding political declaration on future relations between the EU and the UK. The withdrawal agreement, which covers 599 pages, covers the following key areas: The agreement was revised as part of the renegotiation of the Johnson Department in 2019. The amendments fit about 5% of the text.  The Brexit withdrawal agreement, officially titled the Uk`s withdrawal agreement from great Britain and Northern Ireland from the European Union and the European Atomic Energy Community, is a treaty signed on 24 January 2020 between the European Union (EU), Euratom and the United Kingdom (Uk) which sets the conditions for the UK`s withdrawal from the EU and Euratom. The text of the treaty was published on 17 October 2019 and is a renegotiated version of an agreement published six months earlier. The previous version of the withdrawal agreement was rejected three times by the House of Commons, leading Queen Elizabeth II to accept Theresa May`s resignation as Prime Minister of the United Kingdom and appoint Boris Johnson as the new Prime Minister on 24 July 2019. The withdrawal agreement also contains provisions for the United Kingdom to leave the Convention setting the status of European schools, with the United Kingdom bound by the Convention and accompanying regulations on accredited European schools until the end of the last academic year of the transition period, i.e. at the end of the spring semester 2020-2021.  The agreement also provides for a transitional period that will last until 31 December 2020 and can be extended by mutual agreement. During the transitional period, EU legislation will continue to apply to the UK (including participation in the European Economic Area, the internal market and the customs union) and the UK will continue to contribute to the EU budget, but the UK will not be represented in EU decision-making bodies.
The transition period will give businesses time to adapt to the new situation and the new era, so that the British and European governments can negotiate a new trade agreement between the EU and the UK.   The removal of clauses that ignore the alignment of workers` rights with the EU. The government promised in the Queen`s speech on Thursday that workers` rights would instead be “protected and strengthened” by an employment law. On 22 October 2019, the House of Commons agreed, by 329 votes to 299, to give a second reading to the revised withdrawal agreement (negotiated by Boris Johnson earlier this month), but when the accelerated timetable it had proposed did not receive the necessary parliamentary support, Johnson announced that the law would be overturned.   The House of Commons supported an earlier bill at second reading in October; but rejected the Prime Minister`s plan to bring him down by Parliament within days, prompting him to push for parliamentary elections.