Brexit trade talks 'going backwards' as Boris Johnson risks chaotic exit - Business Insider

Britain's chief negotiator David Frost and EU's Brexit negotiator Michel Barnier arrive for a working breakfast after a seventh round of talks, in Brussels on August 21, 2020.UK and EU negotiators failed to make a breakthrough in the latest round of Brexit trade talks.The two sides have just weeks to negotiate an agreement to avoid a chaotic no-deal scenario in January.

The EU's chief negotiator Michel Barnier yesterday said he was "disappointed" and "concerned" by the lack of progress in talks. He also said he was "surprised" by what he described as a UK refusal to "move forward" on key issues, as Prime Minister Johnson "told us in June that he wanted to speed up the process during the summer.

The feeling among those close to the negotiations is that any breakthrough leading to a deal is likely to come in October. This would be at the eleventh hour and leave businesses with just weeks to adapt to changes it would entail. "Last December the Prime Minister told the country he had an 'oven ready' deal and in June he claimed it could be delivered by the end of July," Rachel Reeves, Shadow Chancellor of the Duchy of Lancaster, told Business Insider.

A senior figure in the UK's food industry, whose businesses rely on frictionless cross-border trade with the EU, told Business Insider: "The bigger businesses are thinking about it [Brexit] now but the smaller ones don't know what's about to hit them and I worry about them a lot. We can't hold all of their hands through all of this."

There is particular concern for businesses in Northern Ireland, which unlike those in Great Britain have not been granted a six-month period to adapt to new checks at the border in just four months' time.

Too bad, similar to in the US, democracy is seriously wounded by some foolish voters + Russian interference.

you are required a comb।

United States United States Latest News, United States United States Headlines

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

Inside Britney Spears' conservatorship and the #FreeBritney movement - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. It sounds like her parents are living large off her misery and have her locked up to keep her from emancipating her wealth from them 🤬🤬🤬
Source: BusinessInsider - 🏆 729. / 51 Read more »

Take a look inside a historic Missouri house with nine jail cells - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. This would be a great house for those in the family that refuse to quarantine. 🤣
Source: BusinessInsider - 🏆 729. / 51 Read more »

Look inside President Trump and Larry Ellison's relationship - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. what's going to happen to these corrupt deals when Trump is defeated.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside Sunrun and Vivint Solar's historic $3.2 billion deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Gold shortages are here and increasing. Sandstorm Gold is going to have INCREDIBLE cash flow for next decade. $1800+ Gold spot price certainly does not hurt!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trading strategy, 'golden rules' from banking veteran Steven Goldstein - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »