"Strong possibility" of no-deal Brexit as negotiations snag on fishing rights

The prime minister has warned that there is a “strong possibility” that no trade deal will be struck as the UK leaves the EU.

Boris Johnson has said that it is likely that the country will now leave the European Union without striking a trade deal, meaning that the UK’s relationship with the union would be similar to Australia’s.

The main areas still being negotiated are fishing rights and economic fair play.

Sunday is the deadline for the two sides to agree on the terms of the UK’s departure, with a no-deal Brexit being the default.

This means that the country’s trade with Europe will be subject to tariffs.

Boris Johnson said: “There is now a strong possibility that we will have a solution that’s much more like an Australian relationship with the EU than a Canadian relationship with the EU.

“That doesn’t mean it’s a bad thing. There are plenty of ways, as I’ve said, that we can turn that to the advantage of both sides in the conversation.

“There are plenty of opportunities for the UK, but yes, now is the time, for the public and for businesses, to get ready for 1 January, because believe me, there’s going to be change either way.”