In Brexit Poker, Clock Narrows Transition Options

Nerves are fraying in the Brexit talks, negotiators are trying to work out if the other side is bluffing about walking away, and a ticking clock is fast narrowing British options come March 2019. Philip Hammond, Britain's finance minister, echoed recent EU assertions when he said that a transition period to some new relationship was a "wasting asset," the value of which would "diminish significantly" for both sides if its form remains unclear to businesses much after the start of the New...

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