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First EU response to article 50
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Loading...Leaked European parliament resolution puts three-year limit on transition arrangement and says no to free trade agreement in next two years.
Britain will not be given a free trade deal by the EU in the next two years, and a transition arrangement to cushion the UK’s exit after 2019 can last no longer than three years, a European parliament resolution has vowed, in the first official response by the EU institutions to the triggering of article 50 by Theresa May.
A leaked copy of the resolution, on which the EU’s chief Brexit negotiator, Michel Barnier, has been a close conspirator, lays bare the tough path ahead for Britain as the historic process of withdrawing from the trade bloc begins.
Across 11 pages of clauses, May is warned that the EU will stridently protect its political, financial and social interests, and that the position for the UK even during the transition period will not be as positive as it is today.
The Guardian
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