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The EU and Britain are preparing for the collapse of trade negotiations...

The UK government is ready to declare the failure of trade negotiations with the European Union. London has rejected all proposals that interfere with the country's sovereignty.

This is reported by barrons.com.

As the official representative of the British Prime Minister Boris Johnson told reporters, “ time is very short, we are at a difficult stage of negotiations.”

Meanwhile, French European Affairs Minister Clement Bon said that if a good deal cannot be reached with Britain, Paris will veto it, Reuters reports.

German Foreign Ministry's EU Affairs Minister Michael Roth said the European Union wants a trade deal with the UK after Brexit, but not at any cost.

Recall that the UK left the EU on February 1, 2020. Brussels and London have agreed on a transition period during which the United Kingdom is subject to all European rules. By December 31, the parties must agree on a document on the procedure for building future relations and terms of trade.

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