UK gov't, companies agree on need for Brexit transition - Carney

LONDON – 16 November 2017: Bank of England Governor Mark Carney said on Thursday there was a broad understanding in Britain of the importance of reaching a transition deal for Brexit and a good trade and investment deal with the European Union after that.

"The government recognises, parliamentarians, businesses, people across the country, people in Europe recognise as well that it is in everyone's interest to have at a minimum a transition period to the new relationship," Carney told ITV television.

Carney said there was also recognition of the need for "as comprehensive and open a trading and investment partnership between the UK and the EU 27 at the end of that transition."