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Will there be a Brexit deal? Boris Johnson WILL make a compromise – expert analysis

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The extension to the Brexit talks was announced following a Sunday morning phone call between Prime Minister Boris Johnson and European Commission President Ursula von der Leyen. The sides have agreed to continue negotiations in the knowledge a deal is better for both sides’ interests than crashing out of the Bloc without one. Neither the Prime Minister nor Ms Von der Leyen set a new deadline when announcing the extension, but with the transition period coming to an end on December 31, the Irish Government has called on the sides to strike a deal within days.

Will there be a Brexit deal?

The Prime Minister has warned a no-deal scenario is still the “most likely” outcome, but the two sides are expected to work very hard towards an agreement in coming days.

Speaking to Express.co.uk, business leader and founder of GameChanger Consultancy, Laura Trendall Morrison said the fact an extension has been granted is a positive sign.

Ms Trendall Morrison said: “This means there are clear objectives and details to be settled.

“The fact both sides are willing to commit and extend more time shows a desire to reach mutual agreement, rather than default to WTO terms as both sides stand to gain little from a no-deal.”

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Without a trade deal in place by the proposed deadline, the UK and EU would begin trading on World Trade Organisation (WTO) rules.

That means taxes and tariffs would be introduced on goods coming from Britain and the 27-member-state Bloc, potentially raising the cost of imported products, such as food.

The main sticking points between the UK and EU remain the same, with the principal disagreements coming down to fishing and business.

The EU’s chief Brexit negotiator Michel Barnier reportedly told EU officials a wider deal could be struck if a route towards an agreement on fishing rights can be found.

The Prime Minister is determined to haul Britain out of any obligations under the Common Fisheries Policy in a bid to give the UK sovereignty over its waters.

The EU, however, wants to retain its access, which is where the difficulty comes in.

The debate is more symbolic than substantive as fishing is a small part of both sides’ economy, but given sovereignty was a massive selling point of Brexit, it’s possible any deal could stumble when it comes to this issue.

Ms Trendall Morrison explained: “Key areas to be settled, as we are seeing, are the fishing rights, harmonisation on standards such as environmental and labour laws, and the jurisdiction of the European Court of Justice (ECJ) to settle disputes.

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“In the interests of reaching a deal, I believe the UK will seek to defend fishing but compromise on standards and governance.

“This could, perhaps, be for a time limited period to break the impasse without being seen to have failed in reaching a deal acceptable to both parties.”

Although both sides are working hard to compromise on a divorce agreement and didn’t agree on a deadline for the extension, one date stands out above all – December 31.

That’s when the transition period officially comes to an end and Britain completes its Brexit process – with or without a deal.

But according to Ms Trendall Morrison, this doesn’t have to be the definitive end of the negotiations.

The business leader concluded: “To fail to reach a deal is something that would be a negative outcome for both business and the reputation of the UK.

“The original deadline is not what matters in law and statecraft, the outcome is what is most important and anything can be negotiated where there is the will of both parties to do so.

“It would not be unreasonable to expect we may even see further extensions to negotiate if the approach outlined above time-limited periods is not implemented.”

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