UK Prime Minister Boris Johnson saw the people must ready for no-deal Brexit. Negotiations over a new trade agreement with the European Union (EU) are on the wane.
The catastrophe in the United Kingdom does not seem to be over. on the one hand, this developed country has lost the most GDP due to COVID-19 and on the other hand, the uncertainty over the Brexit issue is not diminishing.
In this present, British Prime Minister Boris Johnson will have to decide: will he find a consensus to stay together with Europe, or will he start moving in the opposite direction.
The year 2020 did not go well for Britain at all. There is no indication that 2021 will go well. In this situation, they will be in danger if they do not reach a new agreement with the European Union.
In this situation, Boris Johnson threatened to break Brexit without no-deal last week. The country will be in great danger. According to CNN’s analysis, if Britain leaves without a limited agreement, the country will lose $2.5 billion a year. This will make it almost impossible for COVID-19 to overcome the shock.
Meanwhile, Lawrence Boone, chief economist at the Organization for Economic Co-operation and Development (OECD), said the exit from the single market of COVID-19 and the European Union was a sign of the UK’s future.
Much depends on what measures are being taken to deal with the epidemic and what decisions will be made about future trade. The situation in the country in the next few years depends on these two decisions.
Time is running out. Britain is now finding favorable terms for trade with the European Union, which will expire this December. A meeting has been held this week, but it has not yielded any results.