Exiting the European Union

Part of the debate – in the House of Commons at 3:45 pm on 10th December 2018.

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Photo of Theresa May Theresa May The Prime Minister, Leader of the Conservative Party 3:45 pm, 10th December 2018

First, the terms of that further extension of the transition period/implementation period, were it to be the way forward, would have to be negotiated. There would be an expectation on the part of the EU for a sum of money, and we would consider it necessary for that to be fair and proportionate. Of course, this is one of the differences between the backstop as it appears in the withdrawal agreement and the extension of the transition period, in that, in the backstop, no financial obligation is required from the United Kingdom.