IMF boss says UK should seek longer Brexit transition

Britain should ask for an extension to its post-Brexit transition period to ease uncertainty at a time when the world economy is being hammered by the coronavirus pandemic, the head of the International Monetary Fund said.

“It is tough as it is. Let’s not make it any tougher,” Kristalina Georgieva, the IMF’s managing director, told BBC radio in comments broadcast on Thursday.

“My advice would be to seek ways in which this element of uncertainty is reduced in the interests of everybody, of the UK, of the EU, the whole world.”