Trade

Downing Street: UK will say no if EU asks for Brexit extension

LONDON — The U.K. would refuse any European Union request to extend the Brexit transition period, Downing Street said Thursday.

The prime ministers official spokesman said the U.K. needed “legislative and economic flexibility” to manage its response to the coronavirus pandemic and would not seek more time to secure a trade deal with the EU.

The comment comes after International Monetary Fund Managing Director Kristalina Georgieva said the U.K. and the EU should not “add to uncertainty” as a result of coronavirus by refusing to extend the period to negotiate a post-Brexit trade deal.

“We will not ask to extend the transition period, and if the EU asks we will say no. Extending the transition would simplyRead More – Source
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