Economy

Brexit deal needs to be done by start of November

Brexit deal needs to be done by start of November”

Boris Johnson may bend to EU demands that Britain accept submission to the European Court of Human Rights (ECtHR) in perpetuity in exchange for a Brexit deal, according to reports.

The EU wants to secure consistent rights to fish in British waters, an important issue for France where coastal fishing communities are politically influential.

French President Emmanuel Macron and other European Union leaders will insist on tough enforcement rules for any trade deal with Britain, warning that Prime Minister Boris Johnson's bid to override the Brexit treaty has shown Britain's word can not be trusted, the Financial Times reported.

Businesses will face a set of changes as Britain leaves "the Customs Union and Single Market" of the regional bloc, including "the way businesses import and export goods, the process for hiring people from the EU, and the way businesses provide services in EU markets", said the statement.

The two chief negotiators, the EU's Michel Barnier and Britain's David Frost, say they are inching towards a deal ahead of an October 15 deadline, but that important gaps remain on fishing, level playing field issues and governance.

'He confirmed the UK's commitment to exploring every avenue to reach an agreement.

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'The leaders agreed to keep in touch on the issue'.

Meanwhile, Johnson and Macron also discussed the coronavirus crisis in their bilateral discussions as a sharp rise in COVID-19 infections was reported in their countries, local media reported.

In the transition period since leaving the EU, European rules have continued to be applicable for Britain and will continue to be so until December 31. The UK government has said it wants to see that a deal is possible by the time of that summit or it will walk away from the discussions.

If there is no deal agreed by the PM's deadline, the diplomat believes "negotiations will continue".

"There are 80 days until the end of the transition period and there will be no extension, so you need to act now".

Should Brexit happen without a "mini-deal" in place for transport - for example - legal restrictions could be slapped onto on lorries bringing items from the United Kingdom into Europe.

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