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UK Could Ditch Hope Of Trade Deal As Talks With EU Near Collapse

In terms of the discussions that we have been having throughout the intensified process, they have continued to be constructive but significant differences still remain on a number of important issues.

UK Could Ditch Hope Of Trade Deal As Talks With EU Near Collapse - SurgeZirc UK
Boris Johnson and Michael Barnier / Photo credit: Financial Times

The UK is getting ready to ditch all hope of sealing a free trade deal with the European Union, following recent reports from senior government officials who have opened up to the media.

According to reports from The Daily Telegraph, there’s a strong assumption that the UK will trade with the bloc on WTO terms after December 31. More sources claimed they assume “there won’t be a deal” but added that it remains possible that a basic agreement could be thrashed out over the coming weeks or months.

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We also learned that the latest round of intensified trade deal negotiations had kicked off in London this week, while businesses in the UK are being advised to get ready themselves for even the worst exit from the bloc.

We learned from the Daily Telegraph who quoted a senior Government source saying the UK’s negotiating team, which is led by David Frost isn’t ready to compromise on key matters like access to the UK fishing waters.

“The Government has been making it clear for a while that it is prepared for no deal. Britain isn’t going to budge on fundamentals like fishing rights, so it’s all in the hands of the EU,” the source said.

Another member on Mr Frost’s team was quoted as saying they hoped to sign a deal by the end of July this year. Although they claimed, the EU had made it clear that it could not happen.

“No trade deal has to be the working assumption, because that’s what we have to prepare for. But it doesn’t mean it’s what we want or are working to make happen,” the source said.

However, the UK has said that it is not requesting Brussels to offer a better deal than it has agreed with other countries while stating that it will only agree to a free trade deal with certain conditions.

The latest outburst in the Brexit negotiation follows after talks were intensified as the deadline for the Brexit transition period to be extended was reached, and the UK Prime Minister Boris Johnson had talks with the President of the European Commission Ursula von der Leyen in a bid to fast-track the negotiation.

Before this week’s meeting, Britain pointed out some significant differences that remained between the two sides, as they remind the EU that it’s “not asking for a special, bespoke or unique deal”.

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”In terms of the discussions that we have been having throughout the intensified process, they have continued to be constructive but significant differences still remain on a number of important issues.

“Our position on our sovereignty, laws and fisheries is clear – we will not give up our rights as an independent state. We will continue to engage constructively with the EU on these key issues and will work hard to reach the broad outline of an agreement.

“But as we have been clear all along, we are not asking for a special, bespoke or unique deal,” Boris Johnson’s official spokesman said.

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