U.K.’s FTSE 100 turns lower, losing 0.1% at 7,706.58

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U.K. readies ‘backstop’ plan for Irish border after Brexit: reports

The U.K. government on Thursday is expected to publish a document outlining a “backstop” arrangement aimed at keeping the Irish border open after the U.K. exits the European Union, media reports said Wednesday. The arrangement is expected to set a time limit under which the U.K. would remain within parts of the EU’s customs union if officials are unable to reach a solution related to borders for Northern Ireland, the BBC reported. For months, U.K. and EU negotiators have been trying settle the issue of the Irish border – which divides the Republic of Ireland, an EU member state, from Northern Ireland, which is part of the U.K. The U.K. is expected to leave the EU in March 2019.

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