A key committee of British MPS say Brexit should be postponed because there may not be enough time to strike a deal with the European Union before Britain leaves the bloc a year from now.
The Exiting the EU Committee says if major aspects of the future relationship remain unsettled by October, Britain should seek a “limited extension” of its EU membership.
Britain and the EU want to seal a deal on their future relations by the northern autumn, so national parliaments can approve it before Britain’s official exit day: March 29, 2019.
In a report published on Sunday, the MPs say a proposed transition period of about two years should also be capable of being extended.
Seven pro-Brexit MPs on the 21-member, all-party committee refused to back the report.
Top Australian Brokers
- City Index - Aussie shares from $5 - Read our review
- Pepperstone - Trading education - Read our review
- IC Markets - Experienced and highly regulated - Read our review
- eToro - Social and copy trading platform - Read our review