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European Commission President Ursula von der Leyen

Relief in Europe

The European Commission President, Ms Ursula von der Leyen characterised it as fair and balanced. More important, she said it was the “right and responsible thing for both sides to do.”

Still unresolved

Britain left the EU on January 31 and has been in transition thereafter with existing rules in place until the end of the year. The costs of a no-deal Brexit could be enormous, with some analysts pointing at a drop in Britain’s GDP of between 1.5 and 2 percentage points.