London

Brexit breakthrough: The date of Britain’s final divorce from the European Union has effectively been kicked down the road for two years, after London and Brussels agreed this week on a 21-month transition period before Britain loses access to the single market. That transition period will kick in at the end of March 2019, when Britain is supposed to formally leave the EU. But the U.K. had to make significant concessions to get the grace period: It must abide by European court rulings in the interim and continue paying into the EU budget until 2064. Also, the transition period will go into effect only if a withdrawal agreement is finalized.