• Privacy policy
  • T&C’s
  • FAQ
  • Meet the Team
  • About The London Economic
  • Advertise
TLE ONLINE SHOP!
NEWSLETTER
SUPPORT THE LONDON ECONOMIC
  • TLE
  • News
  • Politics
  • Opinion
  • Business
  • Sport
  • Entertainment
  • Film
  • Food
  • Lifestyle
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
  • TLE
  • News
  • Politics
  • Opinion
  • Business
  • Sport
  • Entertainment
  • Film
  • Food
  • Lifestyle
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
No Result
View All Result
Home Politics

Britain set to abandon hopes of Brexit trade deal with EU

Ministers are working on the assumption that Britain will trade with Europe on WTO terms when the transition period ends

Henry Goodwin by Henry Goodwin
July 22, 2020
in Politics

Britain is unlikely to strike a post-Brexit trade deal with the EU, with just days before Boris Johnson’s July deadline passes.

According to the Daily Telegraph, ministers are working on the assumption that Britain will trade with Europe on World Trade Organisation terms when the transition period ends on 31 December.

Negotiators for both sides began their latest set of talks in London yesterday, but remain deadlocked on a number of key issues – including fishing rights, so-called level playing field guarantees and the role of the European Court of Justice.

The Telegraph quotes “senior sources” whose assumption is “there won’t be a deal”, though it apparently remains possible that a “basic” agreement could be reached in the autumn. Businesses have been told to begin preparations for a no-trade-deal departure.

With the latest round of talks between Michel Barnier and David Frost, the two chief negotiators, there is little hope of a breakthrough. No more face-to-face meetings are planned this month.

An official said: “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.”

No Trump trade deal

Diplomats in Brussels added that the EU was ready for whatever the outcome of the trade talks. “They are right to work on the basis of no deal. We are as well,” a diplomat from a prominent member state told the Telegraph.

RelatedPosts

‘Humiliating for Boris Johnson’ as Union unit to be replaced with new committee

Lisa Nandy on fire as she takes down ‘ungradeable’ Williamson and calls out Hancock’s cronyism

Keir Starmer’s worst enemy? Sian Berry on why Greens are mopping up Labour votes

‘This was the deal they demanded’ – dismay as Tory Eurosceptics demand Protocol is ditched

A source on the UK side told the paper: “There is a chance of a basic deal, not a phenomenal deal. We should know by mid-August whether there’s any chance.”

Meanwhile the Financial Times reported today that talks are set to drag into the autumn, and that talks were at neither “a breakdown or breakthrough point”.

The FT is also reporting that Johnson has abandoned hopes of reaching a trade deal with the US before the upcoming presidential election – with British officials blaming the coronavirus pandemic for slowing progress.

American negotiators are reportedly seeking greater access to the British food market – prompting a backlash from UK farmers.

Johnson has insisted that it is seeking to “rigorously protect” the UK’s public services – including the NHS – and maintain high standards on food and animal welfare in any trade deal, but earlier this week Conservative MPs voted down amendments that would have done just that.

Related: Full list of MPs who voted against the NHS being protected from foreign control in Brexit trade deals

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Support fearless, free, investigative journalism Support fearless, free, investigative journalism Support fearless, free, investigative journalism

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending fromTLE

  • All
  • trending

What If We Got Rid Of Prisons?

Stress, fear and homelessness: The threat looming over families confronted with eviction

File photo dated 07/11/03 of a prison cell.

The Other Prison Pandemic

Latest from TLE

‘Humiliating for Boris Johnson’ as Union unit to be replaced with new committee

Tomahawk Steak recipe | Photo by patrick le on Unsplash

How To Make: The Perfect Tomahawk Steak

Woman realizing mistake and keeping hand on head over white background

Had a rough pandemic? It could be worse, you could have got this tattoo in March 2020

Lisa Nandy on fire as she takes down ‘ungradeable’ Williamson and calls out Hancock’s cronyism

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

Contact

Editorial enquiries, please contact: jack@thelondoneconomic.com

Commercial enquiries, please contact: advertise@thelondoneconomic.com

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Opinion
  • Business
  • Sport
  • Entertainment
  • Film
  • Lifestyle
  • Food
  • Property
  • Travel
  • Tech & Auto
  • About The London Economic
  • Meet the Team
  • Privacy policy

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.