Britain has added more uncertainty to its future business relationship with the European Union as the country is struggling to clinch a withdrawal deal with the bloc.
British Business Minister Greg Clark said Wednesday that the government does not know how the UK’s trade arrangements with the EU will look like in the post-Brexit era.
In an interview with the BBC, Clark said he could not offer any details of the end-state Britain was seeking while the two sides were still negotiating.
“This is a negotiation which is about to happen. We can’t guarantee an end-state until it has been agreed by both sides,” Clark told BBC radio on Wednesday.
Britain has agreed in principle with the EU to have a status quo transition period, which is expected to be finalized in March.
This is while British businesses want more clarity from the government on the issue. They fear that a disorderly departure would harm UK’s $2.7 trillion economy when it…