United Kingdom trade minister says ‘no deal’ Brexit more likely than not

Liam Fox

In a sign that member states are being warned of the consequences of the failure to find a deal, Dr Fox said: "It's up to the EU27 to determine whether they want the EU Commission's ideological purity to be maintained at the expense of their real economies".

May's office said it's "confident" of striking a deal, while Brexit Secretary Dominic Raab told France's Les Echos on Friday that he sees no alternative to striking a deal.

He said that Barnier had rejected Prime Minister Theresa May's latest plan, agreed by her cabinet, on the grounds that "we have never done it before".

Mr Southwell blasted the deal as "a disturbing but unfortunately not unusual sequence" amid an ongoing battle for British firms to scoop deals while being blocked by the EU.

The saga over Brexit has come to dictate the pound's fortunes as fears mount about the impact it would have on Britain's trade.

Mr Fox says the risk has increased, echoing the Governor of the Bank of England Mark Carney on Friday, who said on Friday that the possibility of a no deal Brexit was "uncomfortably high." Ministers have warned the European Union its own Lisbon Treaty obliges it to "develop a special relationship" with its neighbors, the Telegraph reported on Monday.

Last week, Mrs May cut short her summer holiday to meet with French president Emmanuel Macron. After she finally devised a plan for the post-Brexit economic partnership with the European Union last month, Europe's lead negotiator, Michel Barnier, pushed back against its centerpiece - a proposal for Britain to collect tariffs at European Union rates at its borders to maintain a "frictionless" boundary with the bloc.

With half of business leaders questioned having not made preparations for a no deal, Maritime UK believes there is not enough time to prepare for crashing out of the EU.

And ministers including Foreign Secretary Jeremy Hunt and Brexit Secretary Dominic Raab have also engaged in diplomatic activity in Europe in recent days as the Government seeks to deal directly with individual governments in an effort to keep the Chequers plan alive.

Related News:

  • Snapchat Loses 3 Million Daily Users, But Posts Q2 Earnings Beat

    Snapchat Loses 3 Million Daily Users, But Posts Q2 Earnings Beat

    This was primarily driven by a slightly lower frequency of use among our user base due to the disruption caused by our redesign . Snap had never before logged a quarterly drop in daily users, according to data it has released going back to 2014.
    Liverpool 3-1 Torino: Reds end pre-season with victory at Anfield

    Liverpool 3-1 Torino: Reds end pre-season with victory at Anfield

    Liverpool completed their preparations for the new Premier League campaign with a 3-1 win over Torino at Anfield this evening. Sturridge headed in from close range after a delightful cross from summer signing Xherdan Shaqiri .
    Disney wants to reunite all Star Wars streaming rights, report says

    Disney wants to reunite all Star Wars streaming rights, report says

    This means that there is a possibility that Disney's streaming service will not include the original Star Wars movies. They are also reporting that part of the deal would have to include unnamed programming to replace the lost content.
  • Samuel L. Jackson Will Be Back For SPIDER-MAN: FAR FROM HOME

    Far From Home takes place after Avengers 4 , though the characters could always be appearing in a flashback or something similar. Now we know a couple of former S.H.I.E.L.D. agents are suiting up again to meet Spidey on the big screen for the first time.
    Alexander Zverev repeats in Washington with win over Alex de Minaur

    Alexander Zverev repeats in Washington with win over Alex de Minaur

    That set up a meeting with his elder brother, their first on Tour, and it was the younger Zverev who advanced, winning 6-3 7-5. De Minaur, meanwhile, has announced himself to the Tour and promises much. "I managed to string along some great points".
    China tests hypersonic nuclear warhead

    China tests hypersonic nuclear warhead

    The aim is to make trajectories unpredictable so that it is much more hard for anti-missile defences to find, track and intercept them.
  • Perseid, The Most Popular Summer Meteor Shower, Peaks This Weekend

    Perseid, The Most Popular Summer Meteor Shower, Peaks This Weekend

    Viewers are seeing pieces of comet debris heat up as they enter the atmosphere and burn up in a bright burst of light. If you take a peek next Friday or Saturday nights, you'll likely still see 80 or more meteors per hour.
    D.C.-area forecast: Hot and humid, with storm chances increasing Wednesday

    D.C.-area forecast: Hot and humid, with storm chances increasing Wednesday

    We should get a break from the rain in the afternoon before another round of showers and storms materialize in the evening. While no severe weather is expected, some storms still could produce some heavy rain and gusty winds reducing visibility.
    NESN broadcaster Jerry Remy diagnosed with cancer again

    NESN broadcaster Jerry Remy diagnosed with cancer again

    "The thoughts and prayers of all of us at NESN and the Red Sox are with Jerry and his family during this hard time". Before transitioning to broadcasting with NESN, Remy was best known as the Red Sox second baseman from 1978-85.
  • Rick Gates Forced Into Admitting Extramarital Affair by Paul Manafort’s Lawyer

    This time, however, Manafort himself provided Gates the template to be used for vendor payments, according to the witness. On Tuesday, Gates did connect one part of the bank fraud charges against Manafort to his role in the Trump campaign.
    New Speculation On Setting For Jon Favreau's Star Wars TV Series

    New Speculation On Setting For Jon Favreau's Star Wars TV Series

    Favreau is now working on The Lion King for Disney and production is likely to start after that. Previously, only pre-visual work was used for Star Wars .

    "Spider-Man: Far From Home" Will Feature Samuel L. Jackson's Nick Fury

    How all of this plays out onscreen is still anyone's guess, but if you dig Jackson as Fury, get ready to see a lot more of him. Vulture reports Jackson will be joined by Cobie Smulders as Maria Hill in the sequel to 2017's Spider-Man: Homecoming .


Most liked

Saudi Arabia withdrawing students from Canada
On Tuesday, Saudi Arabia's national airline Saudia halted all direct flights to and from Toronto following Canada's intervention.

Matthew Perry Recovering After Gastrointestinal Surgery
The Friends actor was rushed to hospital in LA on Tuesday to have emergency surgery to fix a gastrointestinal perforation. A gastrointestinal perforation typically occurs in the stomach, small intestine or bowel.

Pink Gets Discharged From the Hospital & Gives Paparazzi a Warning
My honest apologies to any of the ticket holders that this has affected, the rescheduled dates will be announced today. It came after she pulled out of her opening night show at the same location last Friday and the second show on Monday.

New Corbyn apology fails to curb antisemitism row
Writing on Twitter, Mr Perkins said Mr Watson was right "on all counts" and described #resignwatson as a "virtual cesspool". The stance has been backed by Mr Corbyn, who has also vowed to root out anti-semites from Labour ranks.

Alex Jones 'hasn’t violated our rules — Twitter CEO
In a similar move, Spotify also removed all the episodes of Jones' The Alex Jones Show after removing selected episodes last week. Dorsey said the company was committed to promoting "a healthy conversational environment" - which included Jones.

Discovery: Huge glowing 'rogue' planet drifting through space
Kao added, "We think these mechanisms can work not only in brown dwarfs, but also in both gas giant and terrestrial planets". A new planet , which is 12 times bigger than Jupiter , has been discovered outside our solar system by astronomers.

Outcry after Sky News Australia interviews far-right extremist
The interview also stoked controversy within the network, with several editors and reporters tweeting angry responses. The broadcast led a former Labor minister, Craig Emerson, to quit as a Sky commentator.

2 zoo animals killed by softball-sized hail; 14 people injured
Another nine were treated at the scene, but additional details about the victims and their injuries have not been released. The Cheyenne Mountain Zoo evacuated people from the zoo and they were transported by bus to Cheyenne Mountain High School.

Barcelona Agree Deal For Manchester United Ace, His Days Are Numbered
It is understood that the hard relationship between Mourinho and his 25-year-old star has become tense once again, however. Pogba is "disillusioned" with life in Manchester after a season of being at odds wiht his manager, Jose Mourinho .

Salman Khan Indirectly TAUNTS Priyanka Chopra For Her Mysterious Exit From Bharat
So we are glad that we got Katrina in the film and we are all grateful and thankful to her and now she is a part of Bharat . While Zafar was cordial and wished her all the best, others from the film's team called her unprofessional .

Chris Pratt’s ‘Cowboy Ninja Viking’ yanked from release schedule, delayed indefinitely
He'll also return to voice Emmet Brickowski in The Lego Movie 2 and he has the western The Kid coming up next year. As for Chopra, her future with the film remains unclear.

Report on Eliminated Top Syrian Scientist: It Was Mossad
He said it was the fourth time in three years the Mossad has assassinated an enemy weapons engineer in a foreign country. The group has previously claimed attacks targeting officials and militia commanders inside government territory.

China Bans "Christopher Robin" Due To Pooh’s Resemblance To Its President
China, the world's second-largest film market, also limits the number of foreign-made films allowed into the country at 34 a year. No reason has been given for the decision, but it's believed to be part of a nationwide clampdown on references to author A.A.

Osama bin Laden's Mother Interviewed for First Time
Hassan said his advice to Hamza would be to "think twice about what he was doing and to not retake the steps of his father. She reminisces, "He was a very good child until he met some people who pretty much brainwashed him in his early 20s.

Elections test Trump clout in Ohio, other battlegrounds
William Lacy Clay faces a challenge from the left from Cori Bush, a nurse and activist who has campaigned with Ocasio-Cortez. How much different is all of that from the races this district has seen before? The day after Trump's appearance, Ohio Gov.