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Johnson calls Brexit deadline


September, 07 2020
watermark Economic news

British Prime Minister Boris Johnson said that a Brexit trade deal with the European Union should be concluded by October 15.  The politician noted that if the parties fail to reach an agreement by this time, then the free trade deal will most likely not be concluded at all.


According to Johnson, if the negotiations are unsuccessful, the UK will have a relationship with the EU similar to that of the EU and Australia, which is also a good result. In this case, Britain will have full control over its laws and regulations, as well as the conditions for the use of British fishing waters.


The Prime Minister also stressed that Britain is ready to find a reasonable agreement with the EU on practical issues, including flights, freight transport or scientific cooperation, even if a trade deal is not reached.


The post-Brexit transition period began for the UK on January 31, 2020 and will last until December 31, 2020. During this year, the EU and Britain should reconcile their future relationship. The next stage of negotiations is scheduled for tomorrow, September 8th.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.