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Prime Minister Johnson is “confident we will prosper” without a EU-UK trade deal

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Prime Minister Boris Johnson has reaffirmed his commitment and confidence in the United Kingdoms ability to “prosper” outside the EU if a post-Brexit trade deal is not agreed with the bloc.

Talks are due to restart in Brussels this week, with the UK’s chief negotiator, Lord David Frost saying there had been “progress in a positive direction”.

The Republic of Irelands Foreign Minister Simon Coveney said talks had to “make big progress”.

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The UK left the EU on 31 January, however, continues to follow the bloc’s rules until the end of the year while negotiations are taking place.

Lord David George Hamilton Frost, CMG – Image: Google Images

If there is no agreement reached by the two sides at that point, trade between the two will default to World Trade Organization (WTO) rules bringing tariffs into the mix on many imported and exported products until any trade deal can be agreed upon and finalised.

As part of its ‘reset statement’ Downing Street said the talks this week would be “crucial”.

The statement added: “The prime minister has been clear that we will not accept any proposals in the negotiations that undermine our status as a sovereign, independent country.

“If the EU don’t respect the sovereignty of the UK, we will leave on Australian terms and the prime minister is confident that we will prosper.”

The PM is now self-isolating for 14-days after meeting an MP who received positive test results for Covid-19.

In a video produced by Downing street, Prime Minister Johnson said he was “in good health”, “had no symptoms”, and would “continue to lead” from his flat.

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