UK pleads for Brexit transition period, EU unlikely to be moved

UK finance minister Philip Hammond urged the EU on Wednesday (11 October) to swiftly start discussions on a Brexit transition period, just as EU leaders are getting ready to confirm that not enough progress has been made in talks to move onto the next phase of negotiations.

"It is self-evident to me that a transitional arrangement is a wasting asset. It has a value today. It will still have a very high value at Christmas, early in the new year. But as we move through 2018 its value to ...