Will Britain's deadline for a trade deal with the EU be met?

United States News News

Will Britain's deadline for a trade deal with the EU be met?
United States Latest News,United States Headlines
  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 83 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 92%

If no deal could plausibly be attributed to the EU’s pigheaded obstinacy, the blame game might just work for Boris Johnson

month Boris Johnson proposed a deadline of October 15th for a free-trade deal with the European Union. If missed, both sides should “accept that and move on”. Yet he and the European Commission’s president, Ursula von der Leyen, decided on October 3rd to intensify trade talks, even though nobody now expects a deal next week.

The answer to the second question is that most deadlines are soft. But December 31st, the end of the standstill transition period, is far harder. Working backwards, it leaves very little time for a deal. The documentation runs to hundreds of pages, all needing translation and legal cleansing, and it must be approved by the European Parliament and national governments.

But not inevitable—which is why the talks continue. Recently Britain has even seemed more optimistic than the, perhaps to redirect blame for any failure. It should be possible to sort out state aid by putting in place a strictly monitored British regime to police it. And it would be preposterous to allow fisheries, which account for barely 0.1% of, to block a deal. Yet Mr Johnson’s unilateral changes to the withdrawal treaty have undermined trust.

The clauses could yet be removed during the bill’s parliamentary progress. And Mr Johnson may offer last-minute concessions to the, as he did last autumn to secure the withdrawal treaty. But his team insists concessions must come from the, not Britain. And Mr Johnson repeated this week that Britain could “more than live with” an Australia-type outcome, his euphemism for no trade deal, rather than the Canada-style free-trade deal it seeks.

Here lies the psychological risk that may ultimately lead to no deal. Since annoying disruption is bound to happen in any case, it is harder for Mr Johnson to blame the’s pigheaded obstinacy, the blame game might just work. And that is why, even as talks continue amid optimistic briefings, no deal remains much more likely than is often appreciated.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheEconomist /  🏆 6. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Britain, EU agree to pursue mini-deals if talks fail next week: The TimesBritain, EU agree to pursue mini-deals if talks fail next week: The TimesBritain and the European Union have agreed to pursue 'mini-deals' in areas of mutual interest, such as aviation and road transport, even if trade negotiations for a wider deal break down next week, The Times https://www.thetimes.co.uk/edition/news/post-brexit-britain-and-eu-agree-to-pursue-mini-deals-if-talks-fail-next-week...
Read more »

Britain says some progress in EU talks, important differences remainBritain says some progress in EU talks, important differences remainBrexit negotiations this week have made progress in some areas but differences remain on important issues, Prime Minister Boris Johnson's spokesman said on Friday.
Read more »

Brexit deal close but EU seeks more before starting final talksBrexit deal close but EU seeks more before starting final talksEuropean Union chief Brexit negotiator Michel Barnier wants a few more concessions from Britain before entering the last intense phase of negotiations on a trade deal, an EU diplomat said on Friday, as an Oct. 15 deadline looms.
Read more »

UK will explore every avenue for EU deal, PM Johnson tells France's MacronUK will explore every avenue for EU deal, PM Johnson tells France's MacronBritain will explore every avenue for a trade deal with the European Union but progress to bridge significant gaps needs to be made in the coming days, British Prime Minister Boris Johnson told French President Emmanuel Macron on Saturday.
Read more »

UK will explore every avenue for EU deal, PM Johnson tells France's MacronUK will explore every avenue for EU deal, PM Johnson tells France's MacronBritain will explore every avenue for a trade deal with the European Union but progress to bridge significant gaps needs to be made in the coming days, British Prime Minister Boris Johnson told French President Emmanuel Macron on Saturday.
Read more »

London Stock Exchange Group Sells Italian Exchange for $5.1 Billion, Paving Way for Refinitiv DealLondon Stock Exchange Group Sells Italian Exchange for $5.1 Billion, Paving Way for Refinitiv DealThe deal is aimed at alleviating antitrust concerns about the potential bond trading dominance of the proposed $15 billion tie-up between LSE and Refinitiv
Read more »



Render Time: 2025-02-25 11:59:39