UK urgently needs Brexit transition deal, and more time after that, lawmakers say
Many companies are drawing up contingency plans ahead of Britain leaving the EU in March 2019, given the lack of clarity about their future access to the bloc which accounts for nearly half of Britain's exports.
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Britain urgently needs a “standstill” deal to keep its ties with the European Union unchanged in a post-Brexit transition period, and will probably need an adaptation phase after that for sectors such as financial services, a group of lawmakers said.
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