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U.K. Wants Brexit Transition Locked In at Key Summit This Week

  • EU and British negotiators are preparing talks in Brussels
  • Businesses are pressing for 21-month grace period after exit
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EU's Barnier Says U.K. Transition Deal and Large Part of Exit Treaty Agreed

Theresa May’s Brexit negotiators want to secure a written promise of a transition deal from the European Union at a key summit this week, to help reassure businesses that they will get the grace period they desperately want.

Michel Barnier, the EU’s chief Brexit negotiator, and David Davis, his British counterpart, are preparing to hold talks and a press conference in Brussels on Monday, according to people familiar with the matter. It’s a sign the two sides are on track to reach an agreement on a status-quo transition phase that will last until the end of 2020.