Thursday, June 24, 2021
HomeWorldUK trade minister says 'no deal' Brexit more likely than not

UK trade minister says ‘no deal’ Brexit more likely than not

Britain’s international trade minister says it’s likely the UK will fail to agree upon a divorce deal with the European Union before it leaves the bloc next March.

Trade Secretary Liam Fox told the agencies that “intransigence” by EU officials “is pushing us towards no deal.” He put the chance of Britain crashing out without a deal at 60 per cent.

Divorce talks have stalled, and the British government is trying to heap pressure on the other 27 EU nations to compromise by stressing the economic harm from a “no-deal” Brexit that imposes tariffs and other barriers on UK-EU trade.

The bloc says Britain has failed to make realistic proposals. British Prime Minister Theresa May’s Conservative government is split over how close an economic relationship it should seek with the bloc.

Most Popular

- Advertisment -