THE EU will double down on it’s no-deal Brexit preparation as hopes of a trade deal dwindle.
In order to have a UK-EU trade deal fully ratified and in place by the end of the transition period on December 31, an agreement will need to be reached in the coming days.
But a couple of key sticking points remain – especially around fishing rights – meaning no deal is likely to be done unless one side decides to budge.
As a result, several key EU governments – including the Netherlands, France and Belgium – will demand that plans for no-deal are published immediately, claiming European businesses need to prepare for what they say increasingly seems like a likely scenario.
“We must now come up with contingency measures. January 1, 2021 is getting close; we need a safety net,” a senior EU diplomat told The Times.
“Of course, this sends out a political signal. But it is high time to prepare people and businesses in case we cannot fix an agreement in time. I know member states will ask to get contingency measures out into the open.”
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A NO Deal in EU-UK trade talks would make Britain “less safe” a terror chief has said.
The UK’s most senior counter-terrorism officer, Neil Basu, said a failure to ratify fresh terms would have security implications.
He told Channel 4 News yesterday: “We’ve always been very clear in policing that to have no negotiated outcome at all in this and to lose the security tools that the EU brings would make this country less safe.
“We’ve been very clear with Government about that, the Government has listened, and I know the Government is doing what they can to negotiate that deal.”
Negotiators are currently locked in intensive discussions in Brussels as they look to secure a post-Brexit trading arrangement before the transition period ends on December 31.