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UK, EU LEADERS MEET FACE-TO-FACE TO TRY TO SECURE BREXIT DEAL

  • Writer: By The Financial District
    By The Financial District
  • Dec 9, 2020
  • 1 min read

British and EU leaders will meet face-to-face to try to seal a post-Brexit trade deal after failing again to narrow their differences, increasing the chance of a disorderly parting of ways at the end of the month.

With just over three weeks before Britain completes its journey out of the bloc, a senior UK government source said there was “every chance we are not going to get there” and EU officials said, if anything, negotiations had gone backwards, Gabriela Baczynska, John Chalmers and Elizabeth Piper reported for Reuters.


Since Britain left the European Union in January, the two sides have been stuck over three issues, raising the prospect of what many businesses say is their nightmare scenario - no agreement to govern around $1 trillion in annual trade.


In an earlier report, Raf Casert of the Associated Press (AP) said the negotiations will not be a walk in the park, with may EU members saying too many concessions had been given to the UK, which wants to have its cake and eat it, too, but the Germans want a deal as its auto industry enjoys a good market in Britain, while France demands that its fisherman have more access to British waters. The UK is expected to get hit by losing a market of 450 million people once it is kicked out of the EU.




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