Portugal approves additional Brexit contingency plan

Brexit

Portugal approves additional Brexit contingency plan

The Portuguese government on Thursday approved an additional contingency plan in case the UK leaves the EU without an agreement.

It extends the current plan towards the end of 2020 on financial services and social security. The plan “provides that UK-based credit institutions, investment firms and management entities will continue to be able to operate in Portugal until December 31, 2020” to ensure the continuity of all financial contracts.