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Business Secretary Tells Firms to ‘Act Now’ on Brexit and Warns There will be No Extension

Britain's Business Secretary Alok Sharma takes part in a virtual press conference on the coronavirus pandemic in the UK inside 10 Downing Street in central London on November 12, 2020. (Photo by Leon Neal / POOL / AFP) (Photo by LEON NEAL/POOL/AFP via Getty Images)

With just over a month left until the end of the transition period of Britain leaving the EU, UK business secretary Alok Sharma has warned companies to act urgently to avoid their operations being interrupted.

“These are challenging times, but the transition period is ending on 31 December 2020 and there will be no extension,” Sharma said in a letter to businesses.

“The government will be there to help you to take advantage of the many new opportunities that being an independent trading nation will bring,” Sharma added.

Britain and the EU are still negotiating a potential trade deal but businesses will face extra paperwork regardless of whether the UK leaves with or without a deal. Read more…..

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