Brexit What it means for you
Following the June 2016 referendum vote to leave the European Union (EU), the UK Government started the exit process by triggering Article 50 of the Treaty on European Union in March 2017. The UK exit from the EU is being referred to as ‘Brexit’. Our number one priority is to serve and support our customers.
On 25 November 2018 the European Council announced that the EU and the UK signed a Withdrawal Agreement for the UK’s departure from the EU. The Withdrawal Deal needs to be approved by member states and the UK & European Parliaments.
The European Council has agreed to extend Article 50 until 31 October 2019. If an exit agreement is reached prior to 31 October 2019, the UK Government has agreed to leave the EU at that date.
Our Brexit planning continues unchanged. This is because we have been preparing for a number of scenarios including a ‘no deal’ scenario to ensure we can continue to support our customers.
We will continue to monitor the situation and regularly review our plans to ensure we’re ready for Brexit, our aim is to support customers with the same level of service and range of products as we do today.
This website explains how we are preparing for Brexit, so that we can continue to support you in the way we do today.
Five Things You Can do to Prepare for Brexit
Banking in the EU
For more information on Brexit:
- FCA Brexit site - https://www.fca.org.uk/eu-withdrawal
- UK Government Brexit site - https://www.gov.uk/government/organisations/department-for-exiting-the-european-union
- Confederation of British Industry (CBI) Brexit site - http://www.cbi.org.uk/business-issues/brexit-and-eu-negotiations/
- UK Finance – New No Deal Brexit Consumer Guide: https://www.ukfinance.org.uk/brexit/no-deal-brexit-faqs-customer-guide