FIRST AIRED: December 13, 2016

Nice work! Enjoy the show!


You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!



>> Step one, the UK needs a plan for a transitional trade deal with the European Union. That's the message from the House of Lords on Tuesday. A committee urging the government to set up plans for an interim deal before beginning formal divorce talks next year. The House of Lords EU External Affairs Committee isn't convinced a bespoke EU trade deal can be struck within Article 50's two-year deadline.
It says a temporary agreement is vital to protect UK trade and jobs, and suggest staying in the EU Customs Union. The committee also says a stopgap deal could take the pressure off Brexit negotiations. Speaking on Monday, Chancellor Philip Hammond agreed.>> There is, I think, an emerging view among businesses, among regulators, and among thoughtful politicians, that having a longer period to manage the adjustment between where we are now as full members of the European Union and where we get to in the future as a result of the negotiations that we will be conducting, would be generally helpful.
>> Banks and businesses have repeatedly argued the government should agree to a transition period to avoid a damaging cliff edge or abrupt exit from the block.