- Title: Britain stands to lose more than EU from lack of trade deal by end 2020, EU says
- Date: 18th December 2019
- Summary: STRASBOURG, FRANCE (FILE) (REUTERS) EXTERIOR OF EU PARLIAMENT IN STRASBOURG EUROPEAN FLAG AND EUROPEAN UNION MEMBER STATES' FLAGS OUTSIDE EU PARLIAMENT IN STRASBOURG
- Embargoed: 1st January 2020 10:12
- Keywords: Brexit Britain Deadline EU European Parliament European Union Johnson Withdrawal Agreement strasbourg trade deal von der Leyen
- Location: STRASBOURG, FRANCE
- City: STRASBOURG, FRANCE
- Country: France
- Topics: European Union,Government/Politics
- Reuters ID: LVA002BAI6N2F
- Aspect Ratio: 16:9
- Story Text: A 'no-deal' Brexit would harm Britain more than the European Union if the two sides failed to strike a trade deal by the end of 2020, European Commission President Ursula von der Leyen said on Wednesday (December 18).
Britain set a hard deadline of December 2020 on Tuesday to reach a new trade deal with the European Union, betting that the prospect of another Brexit cliff-edge would force Brussels to move quickly to seal an accord.
Speaking in the European Parliament during a plenary session in Strasbourg, von der Leyen thanked the British lawmakers from the 'Remain' camp, adding the parliament would not miss the members of the Brexit party "who scream and yell".
Britain is due to leave the European Union on January 31, with the crucial post-Brexit transition period stretching to December 2020.
(Production Clement Rossignol, Jorrit Donner-Wittkopf)
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