The United Kingdom government has said that the freedom of movement of people from the European Union into the United Kingdom will end. It comes after Home Secretary, Priti Patel, announced on an interview that the UK will seek to implement a points-based immigration policy, aimed at keeping skilled workers.
As it currently stands, the United Kingdom is set to leave the European Union on the 31st of January. The transition period will last until December 2020, giving time to allow the EU to come up with sensible agreement for a trade deal, along with the United Kingdom. In the event the UK and EU do not agree a trade deal, then both will trade on WTO.
The UK has a large trading deficit with the European Union. This means that the United Kingdom is a viral market for the EU. In essence, a free trade agreement is more vital for the EU, than it is for the UK. The EU have also indicated that they are not happy that the UK is taking back control of its border policy, although, this was a key aspect of the leave vote and must be respected.