UK prime minister: Post-Brexit transition could be extended

Image
AP Brussels
Last Updated : Oct 18 2018 | 3:25 PM IST

British Prime Minister Theresa May said Thursday she is considering a European Union proposal that would keep Britain bound to the bloc's rules for more than two years after it leaves, and idea that angers her pro-Brexit critics in the UK.

At present the two sides say Britain will remain inside the EU single market, and subject to the bloc's regulations, from the day it leaves on March 29 until December 2020, to give time for new trade relations to be set up.

But with divorce talks stuck, the bloc has suggested extending that period, to give more time to strike a trade deal that ensures the border between Northern Ireland and the Republic of Ireland remains friction-free the main sticking point to a Brexit deal.

May said the UK was considering extending the transition period by "a matter of months." But she said she didn't believe the extension would be needed.

"We are working to ensure that we have that future relationship in place by the end of December 2020," May said as she arrived at EU headquarters in Brussels on Thursday for meetings on migration, security and other issues.

The extension idea has angered pro-Brexit U.K. politicians, who see it as an attempt to bind Britain to the bloc indefinitely.

In an open letter to May published on Thursday, leading Brexiteers accused the EU of "bullying" and said the border issue was being used as "a trap" by the bloc.

The letter signed by former British Foreign Secretary Boris Johnson, ex-Brexit Secretary David Davis and other pro-Brexit Conservatives warned May not to "engage in a show of resistance and a choreographed argument followed by surrender" to the EU.

Divorce talks between Britain and the bloc have stalled on the issue of the Irish border, which will be the U.K's only land frontier with the EU after Brexit.

Both sides agree there must be no hard border, which could disrupt businesses and residents on both sides and undermine Northern Ireland's peace process. But each has rejected the other side's solution.

This week's summit, which had been billed as a make-or-break moment, turned into a chance for both sides to give themselves more time perhaps until the end of the year to break the logjam.

May urged both parties to show "courage, trust and leadership," but came to Brussels without the concrete new proposals the EU has asked for. Chief EU negotiator Michel Barnier said that "we need much time, much more time, and we continue to work in the next weeks."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 18 2018 | 3:25 PM IST

Next Story