Brussels — EU Brexit negotiator Michel Barnier said Britain must accept the full economic and legal status quo in a transition period after it leaves the EU and should expect no tailor-made terms on trade in its future relationship. Suggesting a transition should run for 21 months from Brexit on March 30 2019 until the current EU budget expires at the end of 2020, Barnier said Britain would "certainly" remain subject to EU laws and courts during that transition. "During this period, the EU legal framework including on jurisdiction would continue to apply to Britain," he said. "We don’t have time to invent a new model. So for a short time after the formal exit from the EU the economic status quo would continue to apply, which besides the internal market also includes the customs union and collective political decisions." He also said of the transition: "The only difference is that the British would no longer take part in decisions on European legislation." British Prime Minister Ther...
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