Johnson plans Brexit call with Merkel as time presses for Bloomberg talks

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© Bloomberg. Boris Johnson, British Prime Minister, gestures at the start of his bilateral meeting with Volodymyr Zelenskiy, President of Ukraine, in the Pillard Room in London, UK on Thursday, October 8, 2020. The governor of the central bank Ukraine defended official reprimands this week from two of his deputies amid lingering concerns over the bank’s independence and a delay in the country’s next tranche of aid from the International Monetary Fund.

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(Bloomberg) –

Boris Johnson plans to speak directly to German Chancellor Angela Merkel as he seeks a breakthrough in Brexit trade talks with the European Union ahead of a crucial summit this week.

The British Prime Minister has set October 15 as the deadline for a deal to be reached – or within reach – on future trade terms with the EU, and he is stepping up his own involvement in the process in an effort to unblock the negotiations.

Johnson spoke to French President Emmanuel Macron on Saturday and is also preparing for a possible appeal with Merkel, according to a person familiar with the matter.

France warns of better than bad Brexit deal on fisheries

If no clear deal is in sight before the EU leaders’ summit on Thursday, the British side said it would be ready to end negotiations on a free trade agreement and instead focus its efforts on preparation for exit from the single market and EU customs. union at the end of December without one.

This would rekindle the risk of damaging quotas and tariffs, increasing costs and disrupting trade across the UK border. Even though no comprehensive trade deal can be reached, the two sides expect to continue discussing towards the end of the Brexit transition period on December 31.

© 2020 Bloomberg L.P.

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