Without a deal, the New Year will bring tariffs and other economic barriers between the U.K. and the bloc, its biggest trading partner. Johnson said the country would “prosper mightily” even if Britain had “a trading arrangement with the EU like Australia’s” — the U.K. government's preferred description of a no-deal Brexit. But any move to undermine it would infuriate the EU and threaten the trade talks. Without a deal, British freight firms have warned there could be logjams at ports and supplies of key goods in Britain could be “severely disrupted" starting Jan. 1. “We would prefer a deal, but a deal on the basis of our mandate,” he told France Inter radio.

Source: ABC News September 06, 2020 13:22 UTC