Too early to know price of Brexit transition extension – minister

LONDON (Reuters) – Britain’s Cabinet Office Minister David Lidington mentioned it was too early to estimate the price of extending a Brexit transition interval after the government indicated it might take into account asking for one to interrupt a impasse in talks with the EU.

Britain’s Minister for the Cabinet Office David Lidington arrives in Downing Street, London, Britain October 16, 2018. REUTERS/Hannah McKay

Lidington rejected claims that an extension would price Britain greater than 10 billion kilos in funds to the European Union in an effort to keep within the bloc’s single market and customs union for one more yr.

“You are making an assumption about what the insurance policy would include and the insurance policy actually being applied,” he instructed the BBC on Thursday.

“It is precisely one of those things that needs to be teased out and addressed, whether we felt and the EU felt it was the right approach to take.”

Lidington mentioned any extension was prone to final for a number of months.

Reporting by Andrew MacAskill; Editing by William Schomberg

Our Standards:The Thomson Reuters Trust Principles.

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