Britain should consider postponing Brexit because there may not be enough time to strike a deal with the European Union before the UK leaves the bloc a year from now, a key committee of British lawmakers said on Sunday.
The House of Commons Exiting the EU Committee said if major aspects of the future relationship with the EU remain unsettled by October, Britain should seek a “limited extension” of its EU membership.
Britain and the EU want a deal on future relations settled by the fall so national parliaments can approve it before Britain officially leaves the 28-nation bloc on March 29, 2019.
In a report published today, the lawmakers said a proposed transition period of about two years should also be able to be extended if needed.
The two sides have agreed in principle that Britain will continue to remain part of the bloc’s structures and rules until the end of 2020.