The UK and the EU have now agreed on a further "Brextension" to 31 October 2019.

However, the possibility of a no-deal exit remains. This recent blog post explains why.

In the event of a no-deal Brexit, the right to move goods freely between the UK and the EU would be lost and trade would revert to World Trade Organization ("WTO") rules and principles. But what does this actually mean?

For more information on WTO rules read our recent legal update on the Brexit Hub.