The United Kingdom (UK) and the European Union (EU) have reportedly exchanged warnings on Monday that time is passing by without reaching a deal for the post-Brexit stage, as the transitional period expires by the end of the year, Reuters reported.<\/p>\n\n\n\n
Recent negotiations that tool place in London over the weekend were reportedly quite difficult with massive disagreements remaining.<\/p>\n\n\n\n
The UK is ready to reach a trade agreement with the EU but not at any cost, the British finance minister said on Thursday.<\/p>\n\n\n\n
However, a frame for an agreement is reportedly in place, according to Rishi Sunak.<\/p>\n\n\n\n
Sunak, who recently played down the effect of a no trade deal Brexit in an interview with the Financial Times, told reporters that \u201cwith a constructive attitude and goodwill on all sides we can get there.\u201d<\/p>\n\n\n\n
Meanwhile, the head of the European Commission, Ursula von der Leyen, said that the EU is ready for the possibility of a no deal Brexit despite genuine progress in negotiations.<\/p>\n\n\n\n
The Prime Minister of Ireland, Micheal Martin, said last week 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
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":"
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