"The closer we get, the less there is to discuss about a transition and the more it just goes to a standstill transition, with Britain still in everything, but without a vote," one said. "Most importantly, it must reflect the status quo," said Catherine McGuinness of the City of London Corporation. "There is no feasibility in asking firms to transition to a transition. For many in Brussels, that makes a virtual status quo after Brexit the increasingly likely outcome: "In March 2019, Britain will formally leave," said another EU official. May insists a two-year transition period is enough to agree a new free trade pact, but many question that.

Source: bd News24 October 12, 2017 07:52 UTC