LONDON (Reuters) – British Prime Minister Boris Johnson repeated to his top ministers on Tuesday that the most likely outcome of post-Brexit trade talks with the European Union was no deal, but his team would still try to reach agreement, his spokesman said.
During an update for his cabinet team, Johnson “re-emphasised the desire to reach a free trade agreement, but not at any cost, and reiterated any agreement must respect the independence and sovereignty of the UK”, the spokesman said.
“The prime minister made clear that not being able to reach an agreement and ending the transition period on Australia-style terms remained the most likely outcome but committed to continuing to negotiate on the remaining areas of disagreement.”
Australia does not have a trade agreement with the EU.
(Reporting by Elizabeth Piper, editing by Estelle Shirbon)