Brexit plan won’t be ready until at least February: Davis

The government of UK Prime Minister Theresa May needs at least until February 2017 to publish its plan to withdraw the country from the European Union (EU), according to Brexit Minister David Davis.

Making the announcement at the House of Commons on Wednesday, Davis said there were “quite a few decisions to be made” about leaving the EU without putting much pressure on business and public services.

However, the secretary said London was looking forward to complete the departure and reach a new trade deal with the bloc within 18 months of triggering Article 50 of the Lisbon Treaty.

Despite the lack of a plan, Davis noted that “everything is negotiable” in the 18 months following the Article 50’s notification in March.

He said the government was not opposed to business groups’ demand about an “implementation phase” to lessen the impacts. However, he said they would only resort to that option if it was really necessary.

“Whatever the transitional arrangement is, we need to know where we’re going before we decide on the transition,” he added. “It seems to me that it will be perfectly possible to know what the end game will be in two years.”

The idea for a transitional Brexit to cushion the impacts was first floated by British Chancellor Philip Hammond, who said Monday that a quick departure would pose “risks to financial stability.”

“Collectively, I think transitional arrangements would be beneficial to us,” he told MPs on the Treasury committee.

ME