Johnson Rules Out Extension as EU Warns of Cliff: Brexit Update
Boris Johnson spooked markets by putting the threat of a no-deal Brexit back on the table. His plan to change the law to ensure the transition phase in the U.K.’s divorce from the European Union is not extended past Dec. 31, 2020 triggered a sharp fall in the pound and a warning from the bloc to prepare for a new “cliff-edge situation.”
Prime minister plans to change law to prevent extension of Brexit transition period; pound erased gains made since the election
EU warns that ruling out...