British Businesses Plead for Time to Adjust to Brexit Reality
Bloomberg 12/24/2020 Deirdre Hipwell
(Bloomberg) British businesses have welcomed a Brexit trade deal with the European Union but are pleading for a grace period to allow them to adjust to new measures and regulations.
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U.K. Prime Minister Boris Johnson and European Commission President Ursula von der Leyen hailed the historic brokering of an agreement on Christmas Eve, more than four years after Britain first voted to leave the union. However, the accord has landed just days before the Brexit transition period ends on Dec. 31, giving businesses little time to prepare for a new relationship with the nation’s most important trading partner.