UK Formally Confirms To EU That It Won't Extend Brexit Transition

The U.K. formally confirmed Friday to the European Union it will not extend the Brexit transition period.

The U.K. officially left the EU Jan. 31, but the transition period lasts until Dec. 31, which means U.K. is still bound to some EU rules.

Cabinet Office minister Michael Gove tweeted:

The full press conference by European Commission Vice-President Maroš Šefčovič following the second meeting of the EU-UK Joint Committee can be found here.

The BBC reports that checks on EU goods coming into the U.K. will be phased in 2021 to give firms "time to adjust."

Related Links:

Brexit Finally Arrives, Johnson Says It's 'A New Dawn'

A Brexit Recap: What's Next?

EWU Logo
EWUiShares MSCI United Kingdom ETF
$38.001.20%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
78.35
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs

Posted In:
Comments
Loading...