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12/17/2019, 1:56 PM (Source: TeleTrader)
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Downing St: UK leaving customs union, single market

The United Kingdom will leave the European Union customs union and single market "in all circumstances," a spokesperson for British Prime Minister Boris Johnson said on Tuesday.

Downing Street also confirmed that Johnson and new European Commission President Ursula von der Leyen agreed to "work together with great energy to agree a future partnership by December 2020."

It added that the Conservative election manifesto was "explicit in ruling out any extension of a transition period" after it was confirmed Johnson is seeking to outlaw any efforts by Parliament to extend the transition period ending December 31.

Baha Breaking the News (BBN) / JC