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‘We need to get off the Brexit treadmill’ — City responds to latest delay

Markets give a muted reaction, with the Brexit delay having been widely expected

Britain's Prime Minister, Boris Johnson meets with President of the European Council, Donald Tusk at the G7 summit in August
Britain's Prime Minister, Boris Johnson meets with President of the European Council, Donald Tusk at the G7 summit in August Photo: Getty Images

European Union leaders have agreed a three-month extension to the UK’s Brexit deadline — cuing another round of pleas from City leaders to resolve the country’s political paralysis.

The extension of Brexit Day until January 31 2020, following a request made under legal duress by Prime Minister Boris Johnson, was confirmed by European Council president Donald Tusk in a tweet on October 28.

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