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From Business insider.
The UK and EU have reached an agreement on a Brexit transition deal. Britain will stay in the single market and customs union for 20 months after Brexit day. This means Britain will remain signed up to EU rules until the end of 2020.
The agreement will not be finalised in legal text until the Irish border issue is resolved. The EU agreed on Monday morning the broad terms of a 20 months transition phase once Britain leaves the bloc in March 2019, a well-placed EU source has told Business Insider.
The news is also being reported by multiple publications,including the Wall Street Journal.
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