Brexit – Britain will complete its journey out of the EU at the end of the year without a trade deal. Unless the bloc substantially shifts position, a UK government source said on Saturday, as time runs bent prevent a turbulent Brexit finale.
Brexit, but issues prevail
With but two weeks before Britain leaves the EU’s orbit, either side is calling for the opposite to move to attain a breakthrough after nine months of talks and safeguard exchange goods from tariffs and quotas.
Since Britain left the EU in January, the talks are largely hamstrung over two issues. Including the bloc’s fishing rights in British waters and on creating a so-called level playing field providing fair competition rules for each side.
The clock is ticking. Either side must get their parliaments to approve any deals. With the talks in their final stages, we expect a conclusion soon.
“We have to get any deal right and support terms which respect what British people voted for. Unfortunately, the EU is still struggling to urge the flexibleness needed from the Member States. They are continuing to create demands that are incompatible with our independence,” the source said.
“We cannot accept a deal that doesn’t leave us up to speed of our own laws or waters. We’re continuing to undertake every possible path to an agreement. However, without a considerable shift from the Commission, we are going to be leaving on WTO (World Trade Organization) terms on December 31.”
Prime Minister Boris Johnson, the face of Britain’s 2016 campaign to depart the EU, has long said he cannot accept any deal that doesn’t respect the country’s sovereignty. A goal that was at the heart of his election last year.
But the EU has equal determination to shield its lucrative single market. They desire to forestall London securing what it considers to be the most effective of both worlds – preferential market access with the advantage of setting its rules.
Many businesses fear a failure to agree on a deal on goods trade would send shockwaves through the financial market. Hurting European economies, snarl borders and disrupt supply chains.
While there has been some progress within the talks, British people side has taken a more pessimistic view. They regularly say that a no-deal outcome was the most likely.
EU diplomats have dismissed this as “theatre” or a negotiating tactic. They are repeating that there’s a path to deal, albeit it a narrow one.
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