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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