Investing.com investing.com 18 Dec, 2020 14:00 am

just hours left for a Brexit trade deal By Reuters

just hours left for a Brexit trade deal By Reuters
EU's Barnier says: just hours left for a Brexit trade deal

Puzzle with printed EU and UK flags p By Marine Strauss and William James BRUSSELS/LONDON (Reuters) - The European Union said on Friday there were just hours left to strike a Brexit trade deal while Britain called on the bloc to see sense as the two sides race to prevent a turbulent finale to the Brexit crisis at the end of the month.Several hours after EU chief negotiator Michel Barnier told London that there were just hours left to navigate a narrow path towards a deal, Johnson said the British door was open but that the EU should see sense and compromise."We have very little time remaining, just a few hours to work through these negotiations in a useful fashion if we want this agreement to enter into force on the first of January," Barnier said." Johnson said Britain would keep talking but that he would not compromise on taking back control of its laws and its fishing waters - which he sees as the fundamental point of leaving the EU.

While Britain would keep talking as long as there was a chance of a deal, "we've also got to recognise that the UK's got to be able to control its own laws, it's what people voted for, and we've also got to be able to control our waters and fishing rights," Johnson said.While Barnier said the sides were striving at an agreement, he said the 27-nation bloc would not sign a deal that would undercut its cherished single market of 450 million consumers.

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