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Fri Sep 4, 2020, 08:38 AM

No-trade deal Brexit fears rise as talks stuck on state aid

Source: Reuters


No-trade deal Brexit fears rise as talks stuck on state aid

Guy Faulconbridge, Gabriela Baczynska, John Chalmers

LONDON/BRUSSELS (Reuters) - The chances of Britain leaving the European Union without a trade deal have risen sharply as negotiations have been threatened by London’s insistence that it have full autonomy over its state aid plans, negotiators and diplomats said.

The United Kingdom left the EU on Jan. 31, turning its back after 47 years on the post-World War Two project that sought to build the ruined nations of Europe into a global power.

The British exit followed more than three years of wrangling over an exit deal since the 2016 referendum that sent shockwaves through global financial markets. Since Brexit, talks on a new trade deal have so far made little headway.

But fears in London, Brussels and other European capitals are mounting that a British exit without a trade deal could sow yet more economic chaos amid the turmoil of the coronavirus crisis which has hammered European economies.

“The chances for a deal, or a no-deal, are 50/50,” said one senior EU diplomat.


Read more: https://www.reuters.com/article/us-britain-eu-fish/no-trade-deal-brexit-fears-rise-as-talks-stuck-on-state-aid-idUSKBN25V0N1

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Reply No-trade deal Brexit fears rise as talks stuck on state aid (Original post)
Eugene Sep 4 OP
abqtommy Sep 4 #1

Response to Eugene (Original post)

Fri Sep 4, 2020, 10:14 AM

1. Since the Brexit remain/leave vote was corrupted in 2016 by the same process that ratfucked

tRUMP into the U.S. pRESIDENCY and neither fact has ever been properly scrutinized then what can
we expect but more corruption and ratfuckery?

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