• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Economy

Boris Johnson says UK should get ready for a no-deal Brexit as trade talks stall

5 years ago
in Economy, highlights, Home, home-news, latest News
2 min read
0 0
0
PM Boris Johnson - norvanreports

PM Boris Johnson - norvanreports

45
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

U.K. Prime Minister Boris Johnson said Friday that he would seek a no-deal Brexit unless there was a fundamental change of approach from the European Union.

“Unless there’s a fundamental change of approach, we’re going to go to the Australia solution, and we should do it with great confidence,” Johnson said, according to Reuters, after negotiators failed to agree on a deal ahead of his self-imposed Oct. 15 deadline.

The “Australia solution” refers to trading on World Trade Organization (WTO) terms — in other words, without a formal trade deal.

Sterling sank to a session low against the dollar on his comments, trading at $1.2870 after hovering near $1.2961.

Johnson’s words came after EU leaders said Thursday they wanted talks to continue in the coming weeks. The EU believes that there’s still some time left to try to overcome differences between the two sides.

But language used in the EU statement upset officials in London, after Brussels called on the U.K. “to make the necessary moves to make an agreement possible.”

The U.K.’s main Brexit negotiator, David Frost, said he was “surprised by (the) suggestion that to get an agreement all future moves must come from U.K.”

RelatedPosts

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

U.K. and EU trade talks have stalled on issues such as fisheries, competition rules and governance for months. However, Michel Barnier, the EU’s chief negotiator, said Thursday that he was hopeful these differences could be overcome in the next few weeks.

“We are available, we shall remain available until the last possible day,” Barnier said at a press conference.

“We want to give these negotiations every chance of being successful,” he added.

Speaking shortly after the U.K. leader, European Commission President Ursula von der Leyen said: “The EU continues to work for a deal, but not at any price. As planned, our negotiation team will go to London next week to intensify these negotiations.”

But a spokesperson for Johnson late on Friday said that talks were over, and mentioned the possibility of tariffs on goods in the future.

The U.K. stopped being a member of the European Union in January but agreed to keep following all EU rules until the end of 2020 so both sides would have time to put together new trade arrangements.

This means they have until the end of the year to conclude trade talks.

However, Johnson’s comments Friday suggest that from January onward both sides could trade under WTO rules, which would mean extra barriers and higher costs for trade across the English Channel.

Via: norvanreports
Tags: Boris JohnsonBrexitUK
No Result
View All Result

Highlights

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

Trending

Features

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

August 2, 2025

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes Parliament has adjourned...

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.