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The U.K. and the European Union would be “wise not to add more” to the uncertainty from the coronavirus by refusing to extend the deadline of their Brexit trade deal negotiations, the head of the International Monetary Fund told the BBC.
Extension would ease uncertainty, IMF's Georgieva says, but Britain remains committed to Dec. 31 date
The IMF has suggested the UK and the EU should not "add to uncertainty" from coronavirus by refusing to extend the period to negotiate a post-Brexit trade deal.
The coronavirus has increased the challenges of negotiating a new trade agreement for the UK before December 31.
No 10 has repeatedly insisted the PM will stick with existing deadline.
NEW Chief Constable Simon Byrne has warned of the dangers a hard Brexit poses to the stability of Northern Ireland.
The Office for Budget Responsibility analysed a particular type of a no-deal Brexit scenario – the less disruptive of the two presented by the IMF in April.
International Monetary Fund Managing Director Christine Lagarde said Sept. 17 that leaving the European Union without a deal could hurt Britain's economy.