Time is very short: Britain rules out any more Brexit talks next year

Deal or no deal, Britain to pay high price for Brexit

By Administrator_India
Capital sands

Britain rejects any extension of a Brexit transition period or further talks past this year, Prime Minister Boris Johnson’s spokesman said Monday as negotiations in Brussels went down to the wire.

“Time is obviously now in very short supply. We are in the final stages. We are prepared to negotiate for as long as we have time available, if we think an agreement is still possible,” the spokesman told reporters.

But he stressed: “We’ve been clear on multiple occasions that we won’t be extending the transition period. That remains the case.”

Asked whether talks might continue next year, on the basis of a provisional deal to avoid a cliff-edge divorce on December 31, the spokesman added: “I can rule that out.”

Unless the EU gives ground on the main outstanding issues, Johnson believes “it won’t be possible to reach an agreement” and Britain will “prosper” on stripped-down trading terms, he said.

British and European Union negotiators made a last-ditch effort on Monday to bridge stubborn differences standing in the way of a post-Brexit trade deal, but they had at best 48 hours left to avoid a disorderly parting of ways at the end of this month.

“EU-UK negotiations have entered the endgame, time is running out quickly,” said an EU diplomat after the bloc’s chief negotiator Michel Barnier gave member states’ envoys to Brussels a downbeat assessment of the state of play.

Irish Prime Minister Micheal Martin, whose country would be the hardest hit of the 27 EU states if there is no trade accord, put the chances of a deal at 50-50. Investment bank JPMorgan said its odds on a no-deal had risen to one third from 20 per cent.

Related Posts
Deal or no deal, Britain to pay high price for Brexit
Deal or no deal, Britain to pay high price for Brexit

By Administrator_India Capital Sands Brexiteers have long argued that leaving the European Union, with or without a trade deal, would herald Britain's Read more

Annual Covid-19 vax preferred to frequent boosters, says Pfizer CEO
Annual Covid-19 vax preferred to frequent boosters says Pfizer CEO

Pfizer Inc Chief Executive Albert Bourla has said that an annual Covid-19 vaccine would be preferable to more frequent booster shots Read more

Dow, S&P 500 hit fresh all-time peaks, but pro-Trump protests curb gains
Dow, S&P 500 hit fresh all-time peaks, but pro-Trump protests curb gains

By Administrator_India Capital Sands The Dow and the S&P 500 hit record highs on Wednesday, as investors piled into financial and industrial Read more

US discovers UK coronavirus variant in patient with no travel history
COVID-19 vaccine export may start in 2 weeks, says Serum Institute CEO Adar Poonawalla

By Administrator_India Capital Sands A 20-something man from Colorado is the first American known to be infected with a new Read more

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x