During the current COVID-19 crisis the UK economy has plunged 20% due to the lockdown. Today the Conservatives officially announced they will not seek a transition period extension.
The UK will leave the EU on 1 Jan 2021 which could now damage the economy further as the country tries to get through the COVID-19 pandemic.
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I just chaired a constructive EU Joint Committee meeting with @MarosSefcovic
I formally confirmed the UK will not extend the transition period & the moment for extension has now passed. On 1 January 2021 we will take back control and regain our political & economic independence pic.twitter.com/nZjNpez8LI
— Michael Gove (@michaelgove) June 12, 2020