Showing up before captains of industry, UK Prime Minister has
proposed that the UK may have a transitional period, which will bring about a temporary
arrangement before fully exiting the EU.
Recognizing business fears about a unexpected " cliff-edge"
change after the UK leaves the European Union, Theresa May said keeping away
from it would be a piece of converses with Brussels.
At the point when approached about getting a transitional
arrangement for the UK, the PM stated that: "Obviously as we look at the
negotiation we want to get the arrangement that is going to work best for the
UK and the arrangement that is going to be best for business in the UK.
"And I'm conscious that there will be issues that need
to be looked at ... that people don't want a cliff edge."
Far along, a representative from Downing Street appeared to
glide the likelihood of lengthening the Article 50 course of events, which
means longer than the set two-year time frame.
This in principle would give additional breathing space to
what are set to be exceptionally perplexing arrangements including 27 different
countries, the EU Parliament and Commission.
What's more, it would permit organizations to change after
some time to our new association with the European Union as opposed to face
that "cliff edge".
As the CBI boss Carolyn Fairbairn put it: "With only
two years for such a complex negotiation, the Government rightly has on its
radar that we should seek a smooth transition which gives firms time to
adapt."
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