London will prepare for the scenario of no trade deal with Brussels. This was announced by British Prime Minister Boris Johnson on Friday, October 16.
“If the EU does not radically change its approach, we are following the path of Australia and we are going with great confidence. The EU summit showed that an agreement modeled on what the European Union has with Canada will not work for the EU <...> We have to prepare for the fact that from January 1 we will have conditions like Australia,” he said in his speech published by Euronews.
At the same time, the head of the British government stressed that he was ready to discuss some practical issues with European partners.
On the eve, German Chancellor Angela Merkel stated that the European Union would like to achieve a trade deal with Great Britain, but taking into account mutual interests.
Last week, the UK Prime Minister spoke about London’s readiness to return trade relations with the European Union on the terms of the World Trade Organization if negotiations with Brussels on free trade fail.
On October 3 Johnson and the head of the European Commission (EC) Ursula von der Leyen recognized the necessity of reaching agreement on future relations between London and Brussels.