UK Economics

Brexit Watch

15 December, 2017

Sufficient progress paves way for transition agreement

The EU Council’s decision to sign off “sufficient progress” opens the door to agreeing a transition period, which would see the UK remain in the Customs Union and Single Market until 2021, early next year. But determining post-transition arrangements is set to be far more fractious, with Parliament now due a vote on the terms of withdrawal and the Cabinet divided over what the Brexit “end-state” should be.

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