May 28, 2022

The Queens County Citizen

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The UK and EU extended Brexit talks on Sunday

The UK and EU extended Brexit talks on Sunday

After hours of private talks in Brussels, the two sides said they were far apart on Wednesday evening on key issues and would decide on the future of the talks by the end of this weekend.

For months, the European Union and the United Kingdom have been trying Agree on a trade agreement The Brexit “transition period” ends on December 31. Earlier this week, Johnson & van der Layn cited three “critical” adhesives to the US statement: Phishing rights, the UK’s ability to differ on EU standards and the legal oversight of any agreement.

The final attempt to move the talks forward on Wednesday began with a meeting and continued at dinner.

In a statement after the meeting, Van der Leyen said negotiators would resume work immediately. “We had a lively and interesting discussion on the status of the game on the list of the best issues. We got a clear understanding of each other’s positions, they were far apart,” she said. “We agree that the teams will meet again soon to resolve these important issues.”

A senior No. 10 source also told CNN that “there are very large gaps between the two sides and it is not yet clear whether the bridge can be bridged” but the Prime Minister “does not want to leave any way to an untested deal.”

Failure to reach a trade agreement will be particularly painful for the UK, which is already suffering from the financial collapse of the coronavirus epidemic.

The UK Office for Budget (OBR), which produces financial indications for the government, Said in November Although London and Brussels could reach an agreement, their new trade relationship is likely to lose 4% of production in the long run compared to the rest of Britain in the European Union.
Non-contract Brexit will cut an additional 2% or $ 40 billion ($ 53 billion) by 2021 and transport more than 300,000 people To the unemployment line According to the OBR in the second half of next year.
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