U.S. markets closed
  • S&P 500

    3,768.25
    -27.29 (-0.72%)
     
  • Dow 30

    30,814.26
    -177.26 (-0.57%)
     
  • Nasdaq

    12,998.50
    -114.14 (-0.87%)
     
  • Russell 2000

    2,123.20
    -32.15 (-1.49%)
     
  • Crude Oil

    52.04
    -1.53 (-2.86%)
     
  • Gold

    1,827.70
    -23.70 (-1.28%)
     
  • Silver

    24.83
    -0.97 (-3.77%)
     
  • EUR/USD

    1.2085
    -0.0071 (-0.58%)
     
  • 10-Yr Bond

    1.0970
    -0.0320 (-2.83%)
     
  • GBP/USD

    1.3583
    -0.0108 (-0.79%)
     
  • USD/JPY

    103.8000
    -0.0160 (-0.02%)
     
  • BTC-USD

    35,928.79
    +147.62 (+0.41%)
     
  • CMC Crypto 200

    701.93
    -33.21 (-4.52%)
     
  • FTSE 100

    6,735.71
    -66.25 (-0.97%)
     
  • Nikkei 225

    28,519.18
    -179.08 (-0.62%)
     

Britain will not extend transition period with EU, says government official

·1 min read

LONDON, Dec 2 (Reuters) - Britain will not agree to extending the transition period with the European Union, a government official said on Wednesday, after a senior EU diplomat suggested member states might want trade talks to continue beyond Dec. 31.

Britain has repeatedly refused to countenance any extension to the talks into next year, saying if there is to be a trade deal, it needs to be done before Dec. 31. If there is no agreement, Prime Minister Boris Johnson has said Britain will "prosper" if it has to trade with the EU on WTO terms.

"The transition period ends on Dec. 31. As the UK has always made clear, this date will not be extended," said the official.

(Reporting by Elizabeth Piper, editing by Estelle Shirbon)