European Union and the UK agree to a Brexit transition period of 21 months

ArticleDeflationMarch 20, 2018 - 4:10:33 AM

The U.K. will remain in the EU until the end of 2020, but with restricted powers.

The U.K. will remain in the European Union until the end of 2020, but with restricted powers, officials announced Monday.

The EU and the United Kingdom have agreed to a transition process of 21 months β€” from 29 March 2019 until the end of 2020 β€” before the country leaves the member bloc completely.

During that period, the "U.K. will no longer participate in European decision-making procedures," the EU's chief negotiator Michel Barnier told reporters in Brussels Monday...

Source: cnbc.com

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