UK Prime Minister Boris Johnson has said there is “a strong possibility” the nation will fail to reach a trade-agreement with the EU after Brexit goes through in full on 31st December.
Widely reported on UK media, the PM said “now is the time” for businesses, companies and people to prepare for a no-deal outcome.
Talks continue between the UK and the EU, with Mr Johnson and EU Commission President Ursula von der Leyen giving each other till Sunday as a deadline for a firm decision to be taken about the future of talks.
Weeks of intense talks between negotiation officials from both the EU and the UK have failed to overcome key stumbling blocks in area such as competition rules and fishing rights.
Mr Johnson has pledged that British negotiators “would go the extra mile” to reach a deal, however he cautioned that the EU wanted to keep the UK “locked” into its legal system, or face penalties such as taxes on imports.
He further cautioned that such a provision would leave the UK forced into a “twin” relationship with the EU, and that he could not accept such terms.
The British PM acknowledged that the UK may have to prepare for an Australian-style option, where there is no trade deal with the EU.
Ryanair cuts Malta link to Serbia’s Niš
The low-cost airline is slashing some major routes in Germany, Spain, Belgium, Portugal and Malta
Event tourism is the standout travel trend for 2026 – How will Malta fare?
The global tourism market is booming, and events are leading the way
EU Parliament agrees on common system to calculate corporations’ taxable income
The reform is designed to replace today’s patchwork of national tax rule