UK’s Johnson seeks to rule out Brexit delay beyond 2020

British Prime Minister Boris Johnson is signalling that he won’t soften his Brexit stance now that he has a majority…

British Prime Minister Boris Johnson is signalling that he won’t soften his Brexit stance now that he has a majority in Parliament, seeking to rule out any extension of an end-of 2020 deadline to strike a trade deal with the European Union.

Johnson’s office says the government will insert a clause in its Withdrawal Agreement Bill to rule out extending trade negotiations with the EU beyond next year. That could mean Britain leaving without a deal at the start of 2021, a prospect that alarms many U.K. businesses.

The pound plunged Tuesday on the news, falling 1% to less than $1.32.

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