United Kingdom

The IMF has suggested the UK and the EU should not "add to uncertainty" from coronavirus by refusing to extend the period to negotiate a post-Brexit trade deal.

Managing director Kristalina Georgieva, when asked what she thought about the prospect of no trade deal this year and no extension to talks, told the BBC that because of the "unprecedented uncertainty" arising from the pandemic, it would be "wise not to add more on top of it".

"I really hope that all policymakers everywhere would be thinking about [reducing uncertainty]. It is tough as it is, let's not make it any tougher," she said.

Asked specifically if she would advise an extension to trade talks, Ms Georgieva said: "My advice would be to seek ways in which this element of uncertainty is reduced in the interests of everybody, the UK, the EU, and the whole world."

https://www.bbc.co.uk/news/business-52304821