European parliament: No free trade agreement with Britain in next two years - The Guardian

According to a leaked copy of the European parliament resolution, the transition period cannot take longer than three years and there won't be any free trade arrangements in the next two years, The Guardian reports.

Further key points of the document show that a withdrawal agreement, covering financial liabilities, citizens’ rights and the border in Ireland, will need to be accepted by a qualified majority of 72% of the EU’s remaining 27 member states, representing 65% of the population.