transition period

LONDON | Brexit uncertainty set to hobble UK economy through winter

LONDON — The uncertainty over Brexit that’s hobbling the British economy is set to go on for longer than expected, leaving companies and households in a limbo. When Britain triggered the two-year timetable to leave the European Union, October’s summit of EU leaders was supposed to be the moment a Brexit deal would be agreed … Continue reading LONDON | Brexit uncertainty set to hobble UK economy through winter

BRUSSELS | The Latest: UK central bank to publish Brexit analysis

BRUSSELS— The Latest on Britain’s upcoming exit from the European Union (all times local): 4:15 p.m. Bank of England Governor Mark Carney has confirmed that the bank will publish an analysis of the economic impact of any Brexit deal the government reaches with the European Union. In a letter to Nicky Morgan, who heads the … Continue reading BRUSSELS | The Latest: UK central bank to publish Brexit analysis

LUXEMBOURG | The Latest: EU’s Tusk demands ‘concrete’ UK Brexit proposals

LUXEMBOURG— The Latest on Britain‘s upcoming departure from the European Union (all times local): 3:40 p.m. European Council President Donald Tusk is demanding that British Prime Minister Theresa May make “concrete proposals” this week for ending the Brexit impasse. Tusk said “we need new facts” to move forward with the stalled talks. The European Union’s … Continue reading LUXEMBOURG | The Latest: EU’s Tusk demands ‘concrete’ UK Brexit proposals

UK’s Davis denies Brexit backtracking with transition period

LONDON/January 24, 2018(AP)(STL.News)— European Union citizens will remain free to settle in the U.K for about two years after the country leaves the bloc in 2019, Britain’s top Brexit official said Wednesday. Brexit Secretary David Davis said that during a transition period, Britain will abide “to a very large extent” by the EU’s rules. It … Continue reading UK’s Davis denies Brexit backtracking with transition period