UK Aims for Outline Brexit Transition Deal by First Quarter of 2018
Britain wants an outline agreement with the European Union by the first quarter of 2018 on the transitional arrangements that will apply temporarily after it leaves the bloc, Brexit minister David Davis said on Wednesday, Reuters reports.
Davis also angered some lawmakers by suggesting that they might not get to vote on a Brexit deal until Britain has already left the EU. Discontent among lawmakers could be problematic for a minority Conservative government already struggling to get Brexit legislation through parliament.
Prime Minister Theresa May is seeking a so-called implementation period of around two years following Britain’s departure from the EU in March 2019, during which its access to the EU single market would stay largely unchanged while new arrangements are put in place.
Businesses are anxious to see the details of such a deal as soon as possible to end uncertainty over the trading rules they will face after Britain leaves the bloc.
“I would be aiming to get certainly the outlines of it agreed, if we could, in the first quarter (of 2018) ... but it’s a negotiation,” Davis told a parliamentary committee.
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