Brexit Secretary David Davis told the Conservative Party's annual conference on Tuesday that Britain "will be ready for the alternative" if negotiations end without a deal. Many British businesses fear what will happen if the U.K. does not strike a new trade deal with the bloc and has to trade on World Trade Organization terms that would bring tariffs and other barriers. Davis says good progress is being made toward a deal, dismissing what he says are "lurid accounts" of crisis and breakdown. The head of the biggest party grouping in the European Parliament is calling for British Foreign Secretary Boris Johnson to be sacked for creating confusion over Brexit. Financial issues appear to be a key stumbling block to an orderly British withdrawal from the EU.

Source: ABC News October 03, 2017 08:12 UTC