Boris Johnson is promising a big trade deal in 2020 but the EU Commission chief had a warning for him.
By leaving the EU the UK will be rid of the"onus", as perceived by many British voters, of the freedom of movement of European workers. But by the same token, the Commission President pointed out, the UK would no longer benefit economically from the free movement of capital, goods and services in the world's largest single market.
Fishing is a political hot potato for the prime minister."Sovereignty over our seas" became a totemic Brexit issue, although it contributes little to UK GDP. But Mr Johnson will also be aware if he refuses the EU access to UK waters after Brexit, the EU will threaten to close its market to UK fish. This, of course, is true. But it's not yet clear how flexible the EU will be. Brussels believes it holds most of the cards in negotiations.Even the early EU concession that some kind of Free Trade Agreement can probably be reached by December - and that, in the words of President von der Leyen, the bloc"will go as far as it can go" - is a mixed blessing for the UK.
And even when it comes to the zero-tariffs, zero-quotas, post-Brexit trade deal the prime minister speaks about so often, the EU insists that to get it the UK must sign up to ongoing alignment with EU rules, like environmental and labour regulations.
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