BRUSSELS (Reuters) - London is willing to discuss an extension of the transition period after Britain leaves the European Union, without ever planning to use it, British Prime Minister Theresa May said on Thursday at a summit of EU leaders.
"I'm clear that I expect the implementation period to end at the end of December 2020," May said, referring to the time after Britain's departure to allow business to adapt to being outside the bloc.
"The point is that this would not have to be used," May said of the transition period idea until the of 2021.
At a dinner on Wednesday evening, May assured EU leaders in Brussels that she can still reach a Brexit deal, avoiding a showdown over stalled talks as Brussels stepped up planning for a failure of negotiations.
May said she was working with the European Union to ensure there was no hard border on the island of Ireland.
"If there is a gap between the end of the implementation period and the point at which the future relationship comes in - we don't expect a gap to exist, but if there is, we want to ensure there is no hard border between Northern Ireland and Ireland," she told reporters.
(Reporting by Elizabeth Piper, Philip Blenkinsop; Editing by Alissa de Carbonnel)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
