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European Council president Donald Tusk said on Twitter that the EU's 27 other countries agreed to accept "the UK's request for a Brexit flextension until January 31, 2020. The decision is expected to be formalized through a written procedure."
The term flextension means that the UK will be able to leave earlier if the Brexit deal secured by Prime Minister Boris Johnson is ratified before January 31.
Tusk's announcement came as EU diplomats met in Brussels to sign off on the new delay for Britain's departure, which had been on October 31.
Leaving the envoys, EU Brexit negotiator Michel Barnier told reporters that "it was a very short and efficient and constructive meeting and I am happy the decision has been taken".
He declined to provide details of the talks.
It's the second time the Brexit deadline has been changed since the 2016 referendum on Britain's departure from the EU.
In London, British politicians are later set to vote on whether to hold an early election to try to break the country's deadlock over Brexit. Johnson wants a December 12 election, but looks unlikely to get the required support from two-thirds of lawmakers.
Two opposition parties plan to push for a December 9 election if Johnson's proposal fails.
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