Hard negotiations now start.
The UK has officially left the European Union and enters into a transition period until the end of 2020. Over the last 3 and half years, there have been many claims and counter claims about the benefits of leaving the EU. The truth will now come out.
Now that the transition period has started, reaching an agreement on trade and many other areas will take all the time available, or a no-deal on WTO rules. The real work starts in March.
Already there are signs that UK companies will not benefit from leaving the EU. One report shows that as many as a third of all small businesses that already trade with the EU, are planning on setting up subsidiaries or moving completely.
The result on tax revenues collected is expected to fall, meaning less money for the NHS and the improvements to the infrastructure, schools, police etc.
The UK has the second highest national debt, after America, which will have to be repaid. The UK debt is expected to increase.