Brexit is stalling over one key issue and the solution could be costly for UK leader Theresa May [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
show chapters European leaders gathered in Brussels seemingly have a new idea to try to break the current stalemate in Brexit negotiations, but it could prove costly for Prime Minister Theresa May and the U.K. May is reportedly willing to extend the transition process. This is the portion of time after the U.K. has officially left the EU but when it is allowed to negotiate its future relationship, including a new trade deal with the rest of the EU. It will also give companies and people on both sides time to prepare for the new arrangements. This is currently set to last 21 months, between the exit day on March 29 next year and the end of 2020. The idea behind the proposal for the extension is to have enough time to negotiate a trade deal with the rest of the EU that will avoid having to use the so-called Irish backstop. This backstop is a future proposal that both the EU and the U.K. need to agree on to avoid a hard border between Northern Irelan
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