Britain says Brexit trade deal can be done, but not at any cost

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In this news, we discuss the Britain says Brexit trade deal can be done, but not at any cost

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Britain and the European Union can strike a Brexit trade deal and the form of a deal is clear, but London will not sign a deal at all costs, the UK finance minister said on Thursday.

With just five weeks to leave the UK out of EU orbit, the two sides are trying to strike a trade deal that would avoid a tumultuous finale to the five-year Brexit crisis. “With a constructive attitude and goodwill on all sides, we can achieve this,” Finance Minister Rishi Sunak told Sky. “The form of the agreement is clear.”

Sunak also told LBC radio that if it was better to strike a deal, “we absolutely should not be trying to make a deal at all costs, it is not the right thing to do.” European Commission President Ursula von der Leyen said on Wednesday the EU was prepared for the possibility that Britain would leave it without a new trade deal despite “real progress” in the tortuous Brexit negotiations.

An official involved in the negotiations said a deal was possible, but unlikely until the weekend at the earliest. An EU diplomat said it was more likely to happen next week. The European Commission – where Brexit negotiator Michel Barnier is holding talks with Britain on behalf of the whole bloc – is due to brief national envoys in Brussels of the latest trade talks at 8:00 GMT on Friday.

European sources have said Barnier himself could travel to London later for further talks with his British counterpart David Frost if there is any chance for a breakthrough.

News Highlights:

  • Britain and the European Union can strike a Brexit trade deal and the form of a deal is clear, but London will not sign a deal at all costs, the UK finance minister said on Thursday. With just five weeks to leave the UK out of EU orbit, the two sides are trying to strike a trade deal that would avoid a tumultuous finale to the five-year Brexit crisis.
  • Britain says Brexit trade deal can be done, but not at any cost
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