As Britain’s Brexit transition period is due to end on 31 December, EU and UK negotiators have been struggling to reach an accord on the three sticking points of governance, fishing rights, and the so-called level playing field, with both camps now conceding that a failure to reach a deal is now a more likely outcome than not.
UK Prime Minister Boris Johnson and European Commission President Ursula von der Leyen are gearing up for last-ditch trade talks on Sunday to try and reconcile the differences between the two negotiating sides in ongoing Brexit talks.
Attempts have been ramped up to seek out a viable option to the no-deal scenario that would shift post-Brexit relations between the UK and EU to default terms.
The UK exited the bloc in January, entering the transition period, due to end on 31 December, and without a deal in place, default World Trade Organisation terms will take effect, bringing with them steep tariffs on some goods.
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Brexit: EU offer 'unacceptable' as trade talks continue - BBC News
ReplyDeletePost-Brexit trade talks have gone through the night as the UK and EU enter a critical day - with leaders set to decide whether a deal can be done.
Both sides have warned they are unlikely to reach an agreement.
The terms offered by the European Union continue to be "unacceptable" to the UK, according to a government source.
Boris Johnson is expected to speak with European Commission President Ursula von der Leyen later after agreeing on the Sunday deadline earlier this week.
If the two sides have not come to an agreement, Mr Johnson and Mrs von der Leyen will decide whether to abandon negotiations or continue them beyond the deadline.