A no-deal Brexit is looming as the UK and the EU remain locked in negotiations over major issues while there are seven days only left before the EU new deadline closes.
The EU has refused to comply with the UK’s demand on fishery thereby increasing the chances of a no-deal Brexit. Even with the clock fast ticking, talks between Britain and Brussels holding in London this week have not been fruitful despite progress desperately needed if a new deal is to be possible after December.
We’re told Brussels bloc needed a deal to be reached before the EU Summit on November 19 so it can be ratified by the time the transition period expires by December 31, but that doesn’t seem to be possible as issues like a level playing field, state subsidies, fishery and how any UK/EU deal will be governed.
UK Prime Minister Boris Johnson has in a previous statement warned he is ready to leave the bloc without a post-Brexit deal, which means that World Trade Organisation will have to set out tariffs to determined trades between the UK and EU.
It’s unsure if the UK negotiation team and their EU counterparts will be able to reach an agreement between now and before the end of seven days. But what is sure is that the UK wants to move forward considering that its firms are hit badly by being tied down in talks with the EU.