George Eustice answers question at daily coronavirus press briefing in Downing Street

The video addresses a question from Alex about the status of Brexit during the COVID-19 lockdown. It clarifies that Brexit has already occurred, with the UK leaving the EU at the end of January. The transition period is set to end as planned at the end of the year, and preparations are underway to ensure normal trade and functioning post-transition.

What is the significance of the transition period mentioned in the text?

What preparations are being made to ensure normal trading after the transition period?