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Trade Progress? No Deal Still Most Likely Brexit Scenario, Britain Says

Trade Progress? No Deal Still Most Likely Brexit Scenario, Britain Says”

Sir Roger said this morning: "If Mr Johnson fails to reach an acceptable trade agreement with the European Union the Prime Minister will also have failed the people of the United Kingdom".

"I think what we're seeing this week, having had a number of stalls in this process, is slow, but at the same time some, progress", Mr Coveney told RTÉ.

In Britain, Business Secretary Alok Sharma said "the fact that we're continuing to have these discussion shows that there is an opportunity to try and make some progress".

European Union Brexit negotiator Michel Barnier said that "the next few days are important" for negotiations if a trade deal with Britain is going to be in place for January 1, when the United Kingdom finally leaves the European Union. I think you can take it that because negotiating teams have gone really quiet here, that's an indication to me that there is a serious if hard negotiation continuing.

Mr Johnson's official spokesman told a briefing: "The prime minister opened Cabinet with an update on the ongoing negotiations with the EU".

Sterling tumbled, stocks fell and implied volatility surged as investors started to price in the risk of a chaotic finale to the five-year Brexit crisis. Free and fair competition. and an agreement which guarantees reciprocal access to markets and waters.

More news: GCHQ looking into whether Russian hackers stole United Kingdom government secrets

Britons voted to leave the world's largest trading bloc in a national referendum in 2016, and pro-Brexit politicians had claimed that reaching a deal would be easy.

The diplomat added that "some progress" has been made in recent days, but stressed that there are still "sometimes substantial" gaps remaining on the three key sticking points in the negotiations: fisheries, governance and the so-called level playing field, dictating how closely the United Kingdom retains European Union laws covering areas like labor, environmental and competition standards.

That after a weekend decision to extend talks beyond the Sunday (December 13) deadline.

Yet, von der Leyen and Johnson seem determined to "go to the extra mile", tasking once more their chief Brexit negotiators, Michel Barnier and his British counterpart, David Frost, to resume the talks, "even at this late stage".

Brexit: EU parliament in wait-and-see mode on trad.

Barnier is willing to accept British trade with no tariffs or quotas, but only if the U.K respects the rules and regulations that have made the EU's single market of 450 million consumers so successful.



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