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Transcripts For BBCNEWS Business Briefing 20240713

Highs, but trading is starting to thin out as we head into the holidays. We start with brexit, because today a crucial period for british and european businesses begins, as the uk takes a major step towards leaving the eu. The Withdrawal Agreement negotiated between borisjohnsons government and brussels goes before parliament, with a vote expected later. And given his large majority, its expected to get through without many changes. Under the agreement, britain is due to formally leave the eu on 31st of january next year. That will be followed by a transitional period, where existing trade terms still apply although the uk is no longer part of the eus political institutions. This ends in december 2020. Under the original plan, if both sides agree, that transitional period could be extended by up to two years, to give more time to negotiate a long term trading relationship. But Boris Johnsons government wants to rule out any extension, has added an amendment to the bill outlawing one. T

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