EU
EU raises prospect of Brexit chaos as transition talks stumble
After round of negotiations in Brussels, chief Brexit negotiator for EU says there are 'substantial' disagreements over terms of two-year transition period
The European Union's (EU) chief Brexit negotiator raised the prospect of the UK crashing out of the bloc next year into a legal limbo and no agreement on a grace period wanted by business. The pound fell.
After a round of negotiations in Brussels, Michel Barnier said there were "substantial" disagreements over the terms of the two-year transition period that would come into effect on March 2019 to give business time to prepare for the new regime.
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