No point in more Brexit talks right now — United Kingdom to EU
Oct 21 2020
The U.K. wants the European Union to back down on its demands for the same continued access to British fishing waters, but the European Union won't do that at least until the other side offers concessions on the so-called level competitive playing field for business.
Johnson and his Brexit supremo Michael Gove will tell businesses on a video call on Tuesday to step up preparations for the end of the transition period.
"GBP resilience in the face of broadening lockdowns and stalled Brexit talks is impressive, but is unlikely to last - we stay long EUR/GBP", says Paul Robson, Head of G10 FX Strategy at Natwest Markets.
European Council President Charles Michel is seen at a special EU Council summit in Brussels. "But unfortunately, we are not there yet". The EU said it was happy to keep talking, but Johnson said Friday that negotiations were over unless there was a "fundamental" shift from the bloc.
Westminister will launch a publicity campaign, entitled "Time is running out" and HMRC will inform 200,000 companies to arrange for new customs and tax rules to be introduced after the United Kingdom leaves the EU's Single Market and Customs Union.
The paper said a joint plea from more than 70 companies, trade associations, and professional bodies issued on Sunday urges Johnson to not only avoid a no-deal Brexit but also avoid reaching a last-minute "thin" trade deal that would be nearly as bad as a no-deal Brexit.
Lead negotiators Lord Frost and Michel Barnier spoke yesterday but Downing Street said there had not been a breakthrough.
The UK has accused the European Union of dragging its feet and failing to respect its sovereignty in the negotiations.
The British government launched an ad campaign Monday telling businesses to get ready for the end of decades of seamless trade with the Continent.
He told LBC: "The Australia deal is the deal that you have with countries where you are predominantly working on a WTO (World Trade Organisation) basis".
Those talks ground to a halt last week, with each side calling for the other to compromise in order to secure a deal.
He added: "It's a question of semantics at the end of the day, sure". "How could we possibly go along with that?"
Mr Sharma said: "We have always been very clear that we want to leave on a Canada-style trade deal".
In a round of broadcast interviews on Sunday, Gove said the door was still "ajar" for talks, but he was less hopeful than he had been in recent weeks that a new trade deal will be reached.
"Beyond all these political games by Boris Johnson, I think, finally we will have a minimal agreement", liberal party group Renew Europe leader Dacian Ciolos said on Monday.
Business leaders, however, have urged both sides to compromise, warning a final no-deal break - with the imposition of tariffs, quotas and customs controls - would deliver another blow to an economy still reeling from the impact of coronavirus.