The UK has launched the formal process of withdrawal negotiations by formally announcing the European Council`s intention to leave the EU. On 20 December 2019, after the Conservatives won the 2019 British general election, the House of Commons passed second reading of the withdrawal agreement with a 358-234 lead. Following the amendments proposed by the House of Lords and the ping-pong between the two houses, the bill was granted royal approval on 23 January 2020, allowing ratification on the British side.  After the WAB becomes law, the withdrawal agreement must also be ratified by the European Parliament. On 23 March 2018, EU and UK negotiators reached an agreement on the draft withdrawal agreement allowing the European Council (Article 50) to adopt guidelines for the framework for future eu-UK relations. 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 European Union and the United Kingdom have approved the withdrawal agreement.
The British Parliament and the European Parliament have yet to approve the withdrawal agreement. The Brexit Withdrawal Agreement, officially titled the UK`s withdrawal agreement from 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.