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Source: UK, EU may reach 'provisional' Brexit transition deal next week
Britain and the European Union could agree a "provisional" deal next week on a post-Brexit transition period, a senior Brussels diplomat said on Friday, stressing that this will only happen if London and the bloc resolve all divorce matters first.
'No deal' Brexit could cost UK, EU companies £58b
Companies in Britain and the European Union face an extra £58 billion in annual costs if there is a no-deal Brexit, with Britain's vast financial sector set to be the worst-hit industry, according to a report on Monday.
May defends stance on post-Brexit financial services rules
British Prime Minister Theresa May defended her decision to rule out so-called ‘passporting’ rights for banks after Brexit, saying Britain could not become a “rule taker” when it came to financial services.
Britain's May sets out vision for frictionless trade after Brexit
British Prime Minister Theresa May called on Friday for a deep partnership with the European Union after Brexit, setting out ambitions for a tailor-made deal with independent arbitration and new arrangements for regulation and financial services.
Brexit: No deal would be 'hugely damaging' to car industry
Failing to strike a Brexit deal would put ‘hundreds of thousands’ of jobs in the car industry at risk, MPs have said.
May says no UK PM could accept EU Brexit treaty
British Prime Minister Theresa May angrily rejected a draft divorce treaty unveiled by the EU on Wednesday, saying she would never allow the bloc to undermine her country's "constitutional integrity".
Scotland says won't consent to Brexit bill after latest UK offer
Scotland's first minister said on Tuesday that the devolved Scottish Parliament would not consent to legislation necessary to keep Britain's Brexit plans on track, presenting another thorny issue for the government to surmount.
UK: Staying in EU customs union would be sellout
Britain must leave the EU customs union to strike new trade deals after Brexit, the country's trade minister said Tuesday, widening a major fissure within British politics over future trade relations with the bloc.
UK Labour Party pressures its leader to change Brexit stance
British Labour Party leader Jeremy Corbyn was facing increasing pressure to change the party's Brexit stance ahead of a key speech on Britain's plan to leave the European Union.
Tory MPs' hard Brexit letter to May described as ransom note
More than 60 backbench Conservative MPs have sent Theresa May a list of hard Brexit demands ahead of a crunch meeting, triggering a furious reaction from colleagues who branded the letter a “ransom note”.
Japan says won't continue 'unprofitable' trade with UK after Brexit
Japan's ambassador to London says Brexit is a high stakes issue and warns that Japanese companies will not be able to stay in Britain if trade obstacles after Brexit made them unprofitable.
EU’s Barnier warns UK post-Brexit transition ‘not a given’
A post-Brexit transition is "not a given", Michel Barnier warned Britain on Friday, saying London had "substantial" objections to the European Union's offer and that parts of it were not up for negotiation.
Brexit ‘policy paralysis’ harming UK armed forces: Expert
Britain’s pending divorce from the European Union (EU) is already taking its toll on the country’s armed forces, warns a leading British military specialist.
Brexit hit to UK food prices  pushes up spending in January
Britain's shoppers carried on spending more on food in January, reflecting the rise in inflation since the Brexit vote, while they again cut back on non-essential purchases, a survey showed on Tuesday.
Will Brexit jump-start Iran-UK trade?
Many foreign companies returned to Iran’s largely untapped market after the signing of the Joint Comprehensive Plan of Action (JCPOA) in July 2015. The landmark deal took effect six months later, and lifted international sanctions in exchange for restrictions on Iran’s nuclear program. The deal has helped bring economic benefits for Iran, including the opening up of the chance to attract foreign direct investment.

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