4.4 • 796 Ratings
🗓️ 14 December 2020
⏱️ 18 minutes
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Negotiators from the UK and EU are to begin a new push to reach agreement on post-Brexit trade after both sides agreed "to go the extra mile". A UK source said the "process still has some legs" but Boris Johnson has warned a no-deal is the "most likely" outcome. Sophie Pornschlegel, a senior policy analyst at the European Policy Centre, explains how much room there may be in Brussels' position, while the BBC's Rob Watson talks through what will be needed to get any deal over the line in the UK parliament before the 31st. And we'll hear from a UK coffee exporter, Dan Webber of Chimney Fire Coffee in Surrey, about what the prolonged uncertainty means for his business.
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0:00.0 | Hello there, I'm Ed Butler and welcome to Business Daily from the BBC. |
0:05.4 | Coming up, the EU and London, once again, agree to disagree and keep talking. |
0:11.9 | Despite the fact that deadlines have been missed over and over, |
0:15.5 | we both think that it is responsible at this point in time to go the extra mile. |
0:23.4 | Meanwhile, with the absence of a Brexit deal in just a couple of weeks till the end of the |
0:28.5 | free trading arrangements between the UK and Europe, businesses are starting to get a bit jittery. |
0:34.6 | When you have economies that are as integrated as the UK and European economies are, |
0:41.4 | that is a hugely abrupt shift for business. |
0:45.8 | All coming up on Business Daily from the BBC. |
0:52.1 | So here we are once again, the hard deadline that we were promised of Sunday night for a Brexit deal has passed |
0:58.9 | and we've simply been set a new one. |
1:01.6 | Like the EU Commission President Ursula von der Leyen in Brussels, we just heard from her, |
1:06.9 | the UK Prime Minister Boris Johnson is also pledging to go the extra mile, or is it 1.6 kilometres, if you're European. |
1:14.6 | Anyway, he's going to go that way for a Brexit deal. |
1:17.8 | I'm afraid we're still very far apart on some key things, but where there's life, there's hope, we're going to keep talking to see what we can do. |
1:25.9 | The UK certainly won't be walking away |
1:28.4 | from the talks. I think people would expect us to go the extra mile. But I've got to repeat, |
1:32.6 | the most likely thing now is, of course, that we have to get ready for WTO terms. |
1:39.7 | WTO terms, world trade organisation rules, if you prefer. |
1:44.8 | For UK businesses especially, a lot now seems to hang on that slightly unfamiliar concept. |
1:50.6 | There remains, for many, a fair bit of uncertainty as to what it actually means. |
1:54.3 | Adam Marshall is head of the UK's Chamber of Commerce. |
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