Britain’s exit from the European Union has been pushed back once more after EU leaders decided that it was safer for everybody if the United Kingdom left with a deal rather than without one.

Brexit will now take place by 31 October—earlier if the United Kingdom agrees to the terms of the EU Withdrawal Agreement before then.

Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal...