Britain has confirmed it will not seek an extension to the Brexit transition period which expires at the end of this year.
The EU is said to have officially accepted this decision, with its chief Brexit negotiator Michel Barnier adding that talks would intensify in the coming weeks and months.
Ian Guider, markets editor of the Business Post, joined us for our daily business update with this story and more, including:
- Queues form as Penneys reopens 16 stores in Ireland
- Mothercare to close 14 stores as it goes into liquidation
- Owner of Zara, Bershka and Pull & Bear to close 1,200 stores globally
- Consumer lending drops to record low
