Brexit news live – No deal Brexit 'just SEVEN DAYS away' unless EU backs down on fishing demands as trade deadline looms

A NO deal Brexit is just seven days away unless the EU suddenly backs down on its fishing quota demands, experts have warned.

The EU is demanding to have the same access to fish in British waters after Brexit as it does now – something the UK is unhappy to allow.

Instead UK trade negotiators want to have new deals cut with the EU every two years in a similar arrangement to what the bloc has with Norway.

With both sides refusing to budge, fishing rights look set to be a potential Brexit deal-breaker time is running incredibly low if an agreement is to be ratified by the end of the transition period on December 31.

Speaking of seven days to save a Brexit trade deal, an EU source told the Guardian: “If there isn’t good news by then, then you really have to say that time is up – it just isn’t possible. The leaders will need to see that it is there.”

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  • Jon Rogers

    SUNAK 'CAUTIOUSLY OPTIMISTIC' OVER GDP GROWTH

    Chancellor Rishi Sunak has said there are “reasons to be cautiously optimistic”, after figures showed the UK economy surged by a record 15.5 per cent between July and September.

    Sunak said: “Today's figures show that our economy was recovering over the summer, but started to slow going into autumn.

    “The steps we've had to take since to halt the spread of the virus mean growth has likely slowed further since then.

    “But there are reasons to be cautiously optimistic on the health side – including promising news on tests and vaccines.

    “There are still hard times ahead, but we will continue to support people through this and ensure nobody is left without hope or opportunity.”

  • John Hall

    GB TO SIGN TRADE DEAL WITH CANADA IN WEEKS

    Britain could sign a trade deal with Canada worth around £10bn in just weeks.

    Canadian Prime Minister Justin Trudeau has said Ottawa is “there for” a trade deal with the UK.

    The Canadian Prime Minister said during an online conference: “I think we’re ready to have it done before January 1.

    “One of the challenges is bandwidth.

    “The UK hasn’t had to negotiate trade deals in the past few decades so there is an issue of not really having the bandwidth within Government to move forward on this.

    “Canada is a really easy one – we’re there for it, we’d like to do it, so I’m very hopeful that it’s going to get done, but that is really up to the UK government.”

  • John Hall

    LABOUR ‘SHOULD APOLOGISE’ FOR BREXIT POLICY

    Labour should give a “full throated apology” for its stance on Brexit, two key allies of Jeremy Corbyn have said.

    Ex-party chairman Ian Lavery and former elections chief Jon Trickett say backing a second referendum at last year’s election destroyed trust, the BBC reports.

    In their report, to be published later, Mr Lavery and Mr Trickett – who were both fired from the front bench by Sir Keir – say Leave and Remain voters were equally let down by the party’s Brexit policy at the 2019 election.

  • John Hall

    BRUSSELS TO LOCK CITY OF LONDON OUT OF EU MARKETS

    The UK’s financial firms may have to deal with EU countries on an individual basis after January 1.

    The move would be a serious blow to the UK which around £26bn of financial services to the EU annually, City AM reports.

    Equivalence, which gives non-EU countries access to European financial markets, is granted when Brussels rules an outside country has similar financial services regulations to its own.

  • John Hall

    IRISH MP TELLS UK TO ‘KNUCKLE DOWN’ AND GET A DEAL

    The Irish Prime Minister Michael Martin has told the UK to “knuckle down” and get a post-Brexit deal with the European Union.

    Talks between the UK and EU are ongoing but differences remain over key issues such as fishing and state aid.

    “We’ve all had a very significant shock to our economic system because of Covid-19 – the last thing we need now across all of our respective economies is a second major shock,” he told the BBC.

  • John Hall

    THERE IS STILL ‘A DEAL TO BE DONE’ SAYS BORIS JOHNSON

    Boris Johnson insists there is still “a deal to be done”.

    However, all sides have acknowledged time is running out if the provisions of an agreement are to be implemented in time for January 1.

  • John Hall

    ‘CHALLENGING TIME’

    Michael Gove said: “Regardless of the outcome of the UK-EU negotiations, in just 50 days we are leaving the EU single market and customs union and this will bring both new challenges and new opportunities for businesses.

    “We recognise that this is a challenging time for everyone, and we are determined to support businesses to be ready for 1 January 2021 and beyond.

    “It is only by working together that we will be able to seize the opportunities that await us as we regain our political and economic independence.”

  • John Hall

    NEW TASK FORCE

    The Government is launching a new business task force to help firms prepare for the UK's final break with the EU at the end of the year.

    Senior Cabinet Office minister Michael Gove acknowledged it was a “challenging time” for business as the Brexit transition period is coming to an end.

    Mr Gove said: “Regardless of the outcome of the UK-EU negotiations, in just 50 days we are leaving the EU single market and customs union and this will bring both new challenges and new opportunities for businesses.

    “We recognise that this is a challenging time for everyone, and we are determined to support businesses to be ready for 1 January 2021 and beyond.

    “It is only by working together that we will be able to seize the opportunities that await us as we regain our political and economic independence.”

    The news came after US President-Elect Joe Biden warned Boris Johnson that any post-Brexit trade deal with the US would be contingent on upholding the Good Friday Agreement.

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