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Free AccessPM confirms that the WAB will ensure that........>
UK: PM confirms that the WAB will ensure that there is no prospect of an
extension to the transition/implementation period at the end of 2020.
- This remains a major concern for markets, which have reacted to the move as an
indication the UK could end up with a WTO trading relationship with the EU at
the end of next year.
- Says the prospect of extensions to transition period would leave the UK like
"Prometheus chained to the Tartarian crag, his liver pecked out by an eagle and
then growing back only to be pecked out again in the cycle repeated forever".
- Nevertheless, there are likely to be ways around this, whether through a thin
FTA being agreed by end-2020 to be fleshed out over the coming years, or indeed
a new bill being introduced to override or amend the WAB.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.