The Buzz | UK warns of ‘bumpy’ post-Brexit transition despite deal
First came the Brexit trade deal. Now comes the red tape and the institutional nitty gritty.
Four days after sealing a free trade agreement with the European Union, the British government warned businesses to get ready for disruptions and “bumpy moments” when the new rules take effect on Thursday night.
Businesses were scrambling yesterday to digest the details and implications of the 1,240-page deal sealed by the EU and the U.K. on Christmas Eve.
EU ambassadors, meanwhile, gave their unanimous approval yesterday to the Brexit trade deal with the U.K. Germany, which holds the EU presidency, said the decision came during a meeting to assess the Christmas Eve agreement.
“Green light,” said Germany’s spokesman Sebastian Fischer.
The approval had been expected ever since all EU leaders warmly welcomed it. It still needs approval from the EU’s legislature, which is expected to come in February. The U.K’s House of Commons is expected to approve it tomorrow.
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