The UK is set to withdraw from the bloc’s trade and customs regulations on 31 December. However, there is still uncertainty over their future relations as both parties are attempting to negotiate a post-Brexit trade deal. Both London and Brussels have stated they won’t postpone the December deadline regardless of the outcome of the deal talks.
London and Brussels still have differences on a post-Brexit deal despite movement in the negotiations on their future relations, UK Cabinet Minister Michael Gove said on Sunday.
The United Kingdom is set to finally exit the bloc’s trade and customs regulations on 31 December. Uncertainty yet remains, given the limited progress made between London and Brussels in concluding a comprehensive trade deal, with both sides now appearing to be set on keeping the December deadline regardless of the eventual outcome of the talks.
European Council President Charles Michel suggested earlier this week that a 5-billion euro ($5.6 billion) fund be created as an adjustment reserve for any unforeseen consequences due to Brexit.
The UK government, in turn, approved a new stimulus package to boost infrastructure, security, and jobs to make the country’s border system “fully operational” from 1 January 2021 when the transition period expires.
Sourse: sputniknews.com
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