Market news
27.02.2019, 11:44

Brussels "will insist on delay of up to two years if UK fails to agree deal" - The Standard citing senior ministers

Senior ministers believe that the European Union (EU) will insist on a Brexit delay of up to two years if Britain fails to agree a deal in the next few weeks, said the Standard's paper.

Several sources have told the Standard they do not think the sort of “short, limited extension” of Article 50 suggested by UK's PM Theresa May in the Commons yesterday would be permitted by Brussels.

Ministers closely involved in Brexit preparations believe the EU would probably demand an extension until December 2020, effectively replacing the planned transition period with continued EU membership.

The disadvantage for the UK is that would also delay the start of negotiations on future trade deals and UK-EU relations, which Brussels claims must begin only after the UK has left the bloc.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location