Abril 24, 2018

Brexit transition period agreed between European Union and United Kingdom gives trading certainty

30 Marcha 2018, 06:37 | Dolorita Barahona

Key UK MPs say Brexit should be postponed because there may not be enough time to strike a deal

Key UK MPs say Brexit should be postponed because there may not be enough time to strike a deal

Making the comments, Steve Elliot said the steps announced by negotiators David Davis and Michel Barnier following Monday's transition agreement talks were something the Central Intelligence Agency has campaigned for ever since the outcome of the referendum vote.

The Euro also gained ground on the greenback yesterday as news on the transitional Brexit deal raised hopes that the UK's exit from the bloc would be less damaging than some had expected.

Longer term, the transition deal may buy people time, but business still faces a "cliff edge" of uncertainty come 2021.

But in a minor win for the Prime Minister, Brussels will not be able to reduce the UK's quota during the transition period.

The failure of the prime minister to get agreement on her very public and insistent demand that Britain could treat European Union citizens arriving during the period differently to those already in the country was a cause of particular embarrassment for May.

And the deal will only provide temporary relief as the Northern Irish border proposal is unacceptable for sections of the Tories and their DUP allies. "The UK will not remain party to the CFP during the proposed implementation period".

David Duguid, the Conservative MP for Banff and Buchan, said: "We made clear to the Prime Minister our disappointment at the outcome of the talks and the length of the transition period for the fishing industry". The UK will also remain part of the Common Fisheries Policy (CFP) until the leave date but will have no say in any rule changes.

"No sooner do we regain sovereignty over our waters and our waters in it, and then we hand it straight back seconds later for this interim period, up to the end of 2020".

Meanwhile European Council president Donald Tusk has warned there is no guarantee EU leaders will accept the agreement covering the terms of Britain's withdrawal when they meet in Brussels this week.

The dispute with Ireland had threatened to derail British Prime Minister Theresa May's hopes of a formal political endorsement of the transition deal by European Union leaders when they meet in Brussels on Friday. The air was thick with the sound of cans being kicked down roads, especially the 270-odd roads that cross the Irish border. There are parts on the agreement which have been agreed by both sides (green part), others where clarifications required but the main policy objective has been agreed (yellow part) and others which are not agreed and are about to be under extensive negotiations (white part). Britain agreed that the withdrawal agreement should contain a "backstop option" to prevent a hard border in Northern Ireland if an acceptable compromise can not be reached.

The border crossing between Northern Ireland and Eire remains a sticking point with no agreement.

The data is helping the government build a picture of what the border is likely to look like post-Brexit - and the logistics firms that have been approached claim a few options are under consideration, including a hard Brexit.

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