British Prime Minister Boris Johnson has given an October 15 deadline for a post-Brexit trade agreement with the EU, brushing off fears about “no-deal” chaos if talks fail.
The eighth round of negotiations resumes in London this week, with both sides talking increasingly tough, amid accusations of intransigence and political brinkmanship.
The UK’s chief negotiator, David Frost, did little to raise expectations about a breakthrough, promising no compromise on London’s red lines, in a rare newspaper interview published on Sunday.
His EU opposite number, Michel Barnier, this week said the talks stood or failed on the need to get an accord on EU access to UK fishing waters and state aid rules, but Britain was giving no ground.
Brussels has already indicated that mid-October was the latest a deal could be struck, given the need for translation and ratification by the European Parliament.
Despite months of refusing to confirm a firm cut-off date, Johnson agreed.
He said in remarks released by his office: “There needs to be an agreement with our European friends by the time of the European Council on October 15 if it’s going to be in force by the end of the year.
“So, there is no sense in thinking beyond that point. If we can’t agree by then, then I do not see that there will be a free trade agreement between us.”
Should that happen, Britain will have an “Australia-style” deal with the EU or one similar to that agreed with Canada and other countries, he said.
Australia trades with the EU under World Trade Organisation rules and tariffs. But Johnson, whose government had said it wanted a “zero tariff, zero quota” regime, insisted it would still be a “good outcome” for Britain.
Johnson’s warning will likely compound criticisms from British pro-EU “remainers” that his ruling Conservative government envisaged a “no-deal” scenario all along, despite claiming the contrary.
“Brexiteers” had promised that securing a deal with Britain’s biggest trading partner would be straightforward and rejected criticism that unravelling nearly 50 years of ties with Europe would be lengthy and even impossible.
Britain formally left the 27-member bloc on January 31 – nearly four years after a divisive referendum that crippled the country politically and saw two prime ministers resign.
Johnson, who took over after Theresa May repeatedly failed to get her Brexit divorce deal through parliament, promised Britain’s borders and ports will be ready for when the so-called transition period comes to an end on December 31.