• EU agrees to give the UK a Brexit extension until January 31

Market news

28 October 2019

EU agrees to give the UK a Brexit extension until January 31

The European Union has agreed to give the U.K. three more months to exit the bloc. European Council President Donald Tusk, who chaired the talks among the 27 European governments, announced the decision on Twitter: “The EU27 has agreed that it will accept the U.K.’s request for a Brexit flextension until 31 January 2020. The decision is expected to be formalised through a written procedure.”

This means that the U.K. will be able to leave the EU at any point before January 31, provided that its Parliament approves the exit agreement that Prime Minister Boris Johnson concluded with the other 27 EU leaders earlier this month.

Tusk’s announcement came after a meeting between the 27 European ambassadors, in Brussels, where they signed off on a third delay.

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