20.9 C
New York
Sunday, May 29, 2022

Barnier open to possibility of one-year extension to Brexit transition: FT

Barnier open to possibility of one-year extension to Brexit transition: FT© Reuters. European Union’s chief Brexit negotiator Michel Barnier attends an EU General Affairs Council in Luxembourg

(Reuters) – EU Brexit negotiator Michel Barnier is open to extending Britain’s Brexit transition by another year, the Financial Times reported on Tuesday.

The possible one-year extension to the Brexit transition will be in return for British Prime Minister Theresa May accepting a “two-tier” backstop to avoid a border in Northern Ireland, the Financial Times reported, citing EU diplomats.

According to a report in German newspaper Frankfurter Allgemeine Zeitung earlier on Tuesday, the European Commission offered to allow Britain to remain in the EU customs union and internal market beyond an agreed transitional arrangement until the end of December 2020.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

11,305FansLike
12,893FollowersFollow
752FollowersFollow
- Advertisement -

Latest Articles

Popular Articles