The UK\u2019s Minister of Finance, Rishi Sunak, has played down the effect of a no trade deal Brexit, in a recent interview with the Financial Times.<\/p>\n\n\n\n
\u201cThey may well talk, but nothing is scheduled.\u201d<\/p>
\u201cWe aren\u2019t quite at the point where leaders get involved.\u201d<\/p><\/blockquote>\n\n\n\n
<\/p>\n\n\n\n
Sunak did not reveal a model in which the British Treasury is preparing to deal with the consequences of a no deal Brexit, noting that the effects would mainly be in the short term.<\/p>\n\n\n\n
Meanwhile, the Prime Minister of Ireland, Micheal Martin, said on Monday that he is hoping the outline of a Brexit free-trade deal will come up by the end of the week, despite the continuous difference in opinions between the United Kingdom (UK) and the European Union (EU), Reuters reported.<\/p>\n\n\n\n
Last month, Prime Minister Boris Johnson said that the time has come to be ready for a not reaching a trade deal with the EU.<\/p>\n\n\n\n
This was about 10 weeks before the end of the transition period, which was agreed with the Brexit and expires by the end of the year.<\/p>\n\n\n\n
According to Johnson, the European Union refused to negotiate seriously.<\/p>\n\n\n\n
On the other hand, the Chairman of the EU summit, Charles Michel said that he is still working for a deal with London, but will not compromise on the main issues. <\/p>\n\n\n\n
Similarly, European Commission President Ursula von der Leyen said that there is still time to reach a deal between the two sides.<\/p>\n\n\n\n
Earlier this month, Sunak said that significant progress has been achieved in trade talks.<\/p>\n","protected":false},"excerpt":{"rendered":"
The UK\u2019s Minister of Finance, Rishi Sunak, has played down the effect of a no trade deal Brexit, in a recent interview with the Financial Times. \u201cThey may well talk, but nothing is scheduled.\u201d\u201cWe aren\u2019t quite at the point where leaders get involved.\u201d Sunak did not reveal a model in which the British Treasury is …<\/p>\n","protected":false},"author":10,"featured_media":31846,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49],"tags":[6865,6835],"class_list":["post-37561","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","tag-brexit","tag-uk"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=37561"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37561\/revisions"}],"predecessor-version":[{"id":37562,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37561\/revisions\/37562"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31846"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=37561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=37561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=37561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}