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“At this stage, an agreement between the UK and the European Union seems unlikely,” Barnier advised reporters in Brussels. “I simply do not understand why we are wasting valuable time. The clock is ticking.”
Chief UK negotiator David Frost mentioned an settlement was “still possible,” however he cautioned that it “it will not be easy to achieve.”
“Substantive work continues to be necessary across a range of different areas of potential UK-EU future cooperation if we are to deliver it,” Frost mentioned in an announcement. “We have had useful discussions this week but there has been little progress.”
UK financial output shrank by a document 20.4% within the second quarter of 2020, pushing the nation into the deepest recession of any main world economic system. About 730,000 jobs have been shed because the coronavirus pandemic shuttered British companies in March.
EU officers say a take care of the United Kingdom have to be reached by the center of October to make sure ratification by the bloc’s 27 members. On Friday, the 2 sides agreed to stay involved over the subsequent two weeks earlier than the subsequent spherical of negotiations in London within the week of September 7.
Frost mentioned that fisheries insurance policies and guidelines on authorities assist to corporations had been among the many key sticking factors.
“There are other significant areas which remain to be resolved and, even where there is a broad understanding between negotiators, there is a lot of detail to work through. Time is short for both sides,” he mentioned.
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