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Properties Articles

Deal Or No Deal? Brexit Edition

Published by: Mathilda Edel Boyle





Following an announcement on Friday, Boris Johnson has prepared the nation for a "No Deal" come January. Having hoped for a 'Canada-style' trade agreement, the public undergo disappointment as it becomes clear that the EU are not willing to offer this.

A "No Deal" Brexit will result in the UK leaving without any system or agreements in place regarding trade, work, transport or border checks etc. The UK would, therefore, apply tariffs to imported goods and the EU would apply 'third-country' tariffs to UK exports.

Border checks would be put into immediate effect by France, leaving an estimated 50%-80% of lorry drivers without the right documentation to enter the EU via French borders (www.theweek.co.uk).

Although, B. Johnson has stated he would prefer a deal, he would be willing to take the UK out of the EU without an agreement as he "concluded that we should get ready for 1 January with arrangements more like Austrailia's". 

No. 10 has suggested that trade talks are over until the EU change their negotiation position. This has been met with contrast from officials leading the EU summit who state there is "no reason to believe the negotiations would not continue" - The Guardian

It has also been suggested that a no deal would "slow Britain's recovery from the coronavirus".