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May Quashes Hope for Transition as Pressure Builds on Trade Deal

  • PM damps expectations of swift transition accord firms seek
  • Premier’s comments bring her in line with long-held view of EU
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EU's Tusk Says Brexit Can Still Be Reversed by 2019

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Prime Minister Theresa May is under pressure to define the kind of trade pact she wants from the European Union, after she dashed business expectations that a swift Brexit transition deal is within reach early next year.

Businesses want an urgent agreement that would allow them to trade as usual for two years after leaving the bloc, and U.K. officials have encouraged them to think that would be possible.