LONDON Dec 9 Britain's Brexit minister David
Davis is "not really interested" in a transitional deal to
cushion the country from the effects of leaving the European
Union, he told a private meeting with the City of London
Corporation, the Financial Times reported, citing a memo of the
The FT, citing a memo of the mid-November meeting made by an
unidentified City of London Corporation representative, said
Davis would consider a transitional deal only in order to "be
kind" to the EU.
British companies have argued the government should agree a
transition period after Britain leaves the bloc and before new
trade terms are finalised, during which current arrangements
stay in place.
Davis also told the City of London Corporation that the EU's
"inflexible approach" on immigration meant it was unlikely the
UK would achieve access to the single market, the FT said,
citing the memo.
The Department for Exiting the EU said the FT account of the
meeting did "not properly reflect government policy or [Mr
Davis's] view," the FT said. It was not immediately available
for comment on the report.
(Reporting by James Davey; editing by Guy Faulconbridge)