Deal not impossible as leaders prepare to meet brexit update
It seems like you're referring to the ongoing Brexit negotiations between the UK and the EU. Here's a brief update:
Deal or No Deal?
As the clock ticks closer to the UK's departure from the EU, leaders are preparing for a crucial meeting to discuss the future of the relationship. The meeting is expected to take place on October 15th, with the UK's Prime Minister, Boris Johnson, and the EU's President, Ursula von der Leyen, set to meet in Brussels.
What's at Stake?
The meeting comes at a critical juncture, as the UK and the EU are still far apart on key issues, including the Irish border, fisheries, and the level playing field. A no-deal Brexit would have significant consequences for both sides, including:
- Trade: Tariffs and quotas would be imposed on goods traded between the UK and the EU, potentially leading to increased costs and reduced trade.
- Supply Chain Disruptions: Delays and disruptions to supply chains could occur, particularly in industries that rely heavily on just-in-time delivery.
- Economic Uncertainty: A no-deal Brexit would create uncertainty for businesses, investors, and consumers, potentially leading to economic instability.
What's Being Discussed?
The meeting is expected to focus on the following key areas:
- Irish Border: The UK and the EU are still trying to find a solution to the Irish border issue, which has been a major sticking point in the negotiations.
- Fisheries: The UK and the EU are at odds over fishing rights, with the UK seeking to take back control of its waters and the EU pushing for continued access.
- Level Playing Field: The UK and the EU are discussing the level playing field, which refers to the rules and regulations that will govern trade between the two sides.
What's Next?
The meeting on October 15th is a crucial step in the Brexit process. If an agreement is reached, it will need to be ratified by the UK Parliament and the EU's member states. If no deal is reached, the UK will leave the EU without a deal on October 31st, which could have significant consequences for both sides.
Stay tuned for further updates on this developing story!