Brexit news latest – No deal Brexit ‘worse than covid’ for UK economy, Bank of England governor warns as deadline looms

MICHEL Barnier has warned that time is running out to secure a Brexit deal as negotiators prepare to start a final round of face-to-face talks on Thursday.

Writing on twitter, the EU’s chief negotiator said: “Fundamental divergences still remain, but we are continuing to work hard for a deal.”

It comes after Bank of England governor Andrew Bailey told the House of Commons Treasury Committee that the long-term impact of a no-deal Brexit would be greater than the impact of the coronavirus pandemic.

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