11/9/2021, 1:14 PM (Source: TeleTrader)
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EU has no retaliation plan against UK - report

The European Union does not have a plan in place to launch a package of prearranged retaliatory measures against the United Kingdom, the Financial Times reported on Tuesday, citing information relayed by Brussels to EU diplomats.

Specifically, the bloc won't preemptively act against London's potential invocation of Article 16 of the Northern Ireland Protocol from the post-Brexit trade arrangement, according to the report.

Although European Commission Vice President Maros Sefcovic had warned earlier that such a move "would have serious consequences," neither he nor other EU diplomats are expected to reveal a retaliatory plan this week.

Baha Breaking News (BBN) / MS