Talks between Britain and the European Union on their trade relationship are set to enter their ninth round. The analysis points out that at present, major differences between the UK and the EU are difficult to be resolved, the risk of leaving the EU without agreement is still high, and the second wave of the epidemic in Europe is taking place, so the UK's economic outlook is facing great uncertainty.

The multiplicity of disagreements is hard to overcome

January 1, 2021 is the end of the transition period for the UK to leave the EU. The UK and the EU are scrambling to negotiate and bridge major differences.

Michel Barnier, the EU's chief Brexit negotiator, said after the eighth round of trade talks with Britain this month that the EU had shown flexibility in the face of Britain's demands in a number of areas. Yet Britain itself does not treat the eu's fundamental principles and interests in a reciprocal way. Important differences remain in areas where the EU's vital interests are at stake. The European Union says it's stepping up preparations for Britain to leave the EU without a deal by the end of the year. He said the British side had been disappointed in many aspects of the current round of negotiations.

The negotiations between Britain and Europe have worsened recently. British Prime Minister Boris Johnson said earlier this month that he intended to violate international law by overturning parts of the Brexit deal Britain signed when it left the European Union in January, saying a new law was needed to protect free trade between Britain's four constituent parts. These include overturning a clause designed to prevent a "hard border" between the UK's Northern Ireland region and the Republic of Ireland.

The Johnson government has rejected eu demands that Britain scrap the plan to scupper the brexit deal as soon as possible. PASCAL Donoghue, President of the Eurogroup, said: "As the UK considers what kind of trade relationship it wants with the EU in the future, a prerequisite is to abide by what has already been agreed." The European Commission said it was preparing for a hasty brexit and that if London went ahead with the proposed legislation, it would be a "very serious breach" of a previous agreement to leave the EU.

However, there have been media reports that the government has relented after much criticism of Mr Johnson's plans at home and in the EU. Britain and Europe have made progress in trade talks, but differences in areas such as fisheries rules and state aid have not been bridged, the British government said On Friday. There is still a lot of work to be done and either outcome of the talks remains a possibility.

Leaving the EU without a deal could cause serious damage

Mr Johnson has previously said he would have to agree on a post-Brexit relationship with the EU by October 15 or opt for a no-deal exit. He argued that Britain could prosper even if it left the EU outright, especially by negotiating new trade deals with countries around the world.

But analysts say that while the British prime minister says a no-deal exit is a good option, it could still lead to chaos at the border, with serious economic consequences. This will have far-reaching consequences both domestically and internationally.

Britain is in charge of negotiations "to take off the" trade relations secretary, Michael gove, 23, said in a letter sent to domestic logistics transportation enterprises, did not come to an agreement if the English champions this year, next year harbour on the edge of the channel can have as many as 7000 trucks queued up, waiting for the pass, they enter the other side of the French time may delay 2 days, affecting the European import and export both important supplies. About 30-50 per cent of UK freight vehicles travelling between The UK and Europe are not ready and delays will last for three months.

According to a recent study by Britain in A Changing Europe, a No agreement Brexit will cost the UK economy three times as much in the long term as the Novel Coronavirus pandemic. It predicts a 5.7 per cent impact on UK GROSS domestic product over 15 years, compared with current levels, and a 2.1 per cent impact on COVID-19. The report says the most immediate and visible effects of a no-deal Brexit will be felt at the border, where long queues are likely to form and some food shortages occur.

In addition to the UK-EU trade negotiations, the UK is also moving forward with relevant trade negotiations with other trading partners. Earlier this month, Britain said it had reached its first major trade deal since leaving the European Union, a free trade agreement with Japan. The agreement was reached in principle during a video call between Britain's international trade secretary, Liz Truss, and Japan's foreign minister, Toshimitsu Mogi. Truss said it was the first major trade deal since Britain left the European Union. After domestic ratification, the agreement will come into effect On Jan. 1, Mr. Motegi said.

The economic outlook is uncertain

The second wave of the epidemic emerging in Europe could further damage the economy. The EU raised its alert for COVID-19 last week, saying the situation in several member states was worse than the peak of the outbreak in the spring. The EU called on member states to strengthen controls "immediately" in response to the new Novel Coronavirus infection.

The eu summit has been postponed for a week to 1 solstice2 on October 1 because of the quarantining of Charles michel, the President of the European council, due to the diagnosis of covid-19 by a person close to him. The delay is a setback for EU leaders who want to restore normalcy.

The situation is also grim in Britain, where the number of new cases in a single day hit a record high of more than 6,000 last week. Johnson announced a series of new measures on Monday, including early closing of bars and restaurants at 10 o 'clock and advising people to work from home. Investors are worried that the new restrictions could slow the U.K. economy sharply.

Consumer confidence in the UK rose in September to its highest level since the coVID-19 outbreak triggered a lockdown in March, but is still far from pre-epidemic levels, German research firm GFK said Tuesday. However, Reuters noted that the GFK investigation was completed earlier than the UK government's announcement on Monday to tighten epidemic prevention measures to contain a rebound from the COVID-19 outbreak. Economists polled by Reuters said the UK consumer confidence index was unchanged this month from the previous month.

UK consumer spending has rebounded strongly since the first hit of the lockdown in April and retail sales are now higher than they were before the outbreak, despite surveys showing low consumer confidence, Reuters reported. However, many economists expect UK unemployment to continue to rise and remain cautious about the economic outlook.

Nearly 129,000 jobs were advertised last week, the highest number since the closure, according to the Confederation of Recruitment and Employment. Neil Carberry, chief executive of the Federation, said Yesterday's measures did not call for the closure of important sectors of the UK economy and that the improvement in employment seen since the summer was likely to continue.