Officials are believed to be ironing out the final details of a post-Brexit trade deal between the UK and the European Union. EU officials have recently stated trade talks have slowed on the issue of fishing, and a deal could still be hours away. But if a deal is agreed, it will then need to be approved by several elected officials within the UK and the EU.
After weeks of speculation that the UK could leave the transition period behind without a deal, the two sides have managed to make substantial progress in recent days.
European Commission President Ursula von der Leyen and Boris Johnson are reported to have spoken four times yesterday to help get a deal “over the line”, according to BBC political editor Laura Kuenssberg.
Mr Johnson and Ms von der Leyen will speak on the phone to sign off on a deal when it is reached, and an announcement from Downing Street is expected later today.
If there is no deal agreed, border checks and taxes will be introduced on goods between the UK and the EU.
The EU’s chief negotiation Michel Barnier has stated Christmas Eve is the final deadline for getting a trade deal agreed.
If a deal isn’t agreed by today, Mr Barnier has told both sides to prepare for a period of no deal next year.
READ MORE: Britain and EU forced to wait before clinching historic trade deal
“No other leader could have done more to stand up to the EU.
“Boris has done a brilliant job – and is still held in high esteem by party members.
“They remember what a mess we were in before he replaced Theresa (May) and don’t want to go back to that.”
The UK’s transition period with the EU will have to come to end on December 31, 2020, as was agreed following the formal exit of the UK from the EU in January 2020.
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