10/12/2018, 5:01 PM (Source:
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EU sources say UK asked for longer transition period

Insiders from the administration in Brussels who are familiar with the talks with the United Kingdom claimed on Friday that negotiators from the other side have raised the possibility to extend the interim regime after Brexit. The country is scheduled to leave the European Union in March, but leaders have a provisional deal that the customs union would be in status quo until the end of 2020. Bloomberg's sources said, mirroring other speculation in the media, that Britain sees the extension of the period as a temporary solution for the land border issue in Ireland.

The initial reports indicated several cabinet members are threatening to leave Prime Minister Theresa May's government if the customs union isn't limited in time. Chief negotiator Dominic Raab openly said he wouldn't accept such an arrangement. The latest deliberations emerge ahead of a crucial meeting of EU leaders next week.

Breaking the News / IT