UK Treasury chief says Britain may need 3-year transition after BrexitJuly 28, 2017 - 14:39 AMT PanARMENIAN.Net - Britain’s Treasury chief says the country will abide by some European Union rules for up to three years after it officially leaves the bloc in March 2019, The Associated Press reports. Philip Hammond says a transition period is needed “to get from the status quo today to the new normal.” He says the transition should end before Britain’s next election, scheduled for 2022. Many businesses accuse the government of sending mixed signals about Brexit. Officials say Britain will leave the bloc’s single market and customs union, and end free movement from EU countries. But officials also say the changes, which have huge economic implications, won’t happen overnight. Hammond told Sky News on Friday, July 28 that a transition period will let businesses “go on operating normally” while Britain works out its post-Brexit relationship with the EU. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. |