UK PM Johnson says time to get ready for 'no deal' Brexit

UK PM Johnson says time to get ready for 'no deal' Brexit

Gathering in Brussels on Thursday for a two day summit to discuss Brexit, European leaders stated they would "continue negotiations in the coming weeks" and called on the United Kingdom "to make the necessary moves to make an agreement possible".

Today is the deadline set by the British Prime Minister to reach a deal. "We have seen light but of course also still shadows in the most recent negotiations, and if it is up to the European Union - and me personally - we should simply continue these talks".

Speaking as he arrived for the discussions, Taoiseach Michael Martin acknowledged there were still key stumbling blocks that need to be addressed, with the need for a fair fisheries deal high on the agenda.

Mr Johnson has repeatedly said that his preference is for a deal but that Britain could make a success of a no-deal scenario, which would throw US$900 billion (S$1.22 trillion) in annual bilateral trade into uncertainty and could snarl the border, turning the south-eastern county of Kent into a vast truck park.

Michel Barnier let things slip on Thursday when he said he'd be in London for intensified talks next week, while Ursula von der Leyen has said the negotiations would take place "as planned".

The EU has warned it will not leave the matter to be solved last and that it could only be part of a wider deal together with issues like energy ties or financial services where London has a weaker bargaining position than on fishing rights.

Businesses on both sides have been warning against a no-deal Brexit, which would severely impact their ability to continue to function in a smooth manner after 45 years of close UK-EU alignment.

UK Prime Minister Boris Johnson is expected to decide his next move on Friday.

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At the end of it all, this week appears to have culminated in more Brexit posturing by both sides as negotiations are set to continue over the coming weeks still. "We have not found a solution on the three issues that are very difficult.so we can not say we are close to an agreement".

Given the economic malaise and global instability, it would be "crazy" if the two sides failed to agree a deal, said Dutch Prime Minister Mark Rutte. Lord Frost tweeted on Thursday evening that he was "surprised" and "disappointed" that the European Union had moved away from plans for intense, daily negotiations agreed at the start of the month.

"They want the continued ability to control our legislative freedom, our fisheries, in a way that is obviously unacceptable to an independent country", Johnson said.

"We can not say we are close to an agreement".

The EU says a deal must come in early November at the latest to allow enough time for ratification by the European Parliament and some national chambers before the year ends. He said he was surprised by the suggestion that, to get an agreement, all future moves must come from the UK.

'In no case shall our fishermen be sacrificed for Brexit, ' he told reporters.

Britain formally left the EU on January 31 this year, but a transition period, which ends on December 31, means it remains in the EU single market and customs union.

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