Britain is asking longer Brexit-transition period as December 2020. According to the Independent-newspaper, the UK Goverment is asking the EU to consider longer transition period because of the physical infrastructure adjustments. The information was published on Wednesday.
The UK Goverment is referring to the national borders like ports and airports to cope with the increase of the customs checks. The proposed new timelime would be something around two years into 2021.
The financial and industrial companies are also considering their European headquarters because of the Brexit. Today the Bank of America (BAC) Merrill Lynch decided to stay in London and extended their lease to 2032. According to Bloomberg, this building in the City of London is owned by the Norwegian Oil Fund.