UK open to looser ‘Australia-style’ trade deal with EU: source

FAN Editor
Britain leaves EU on Brexit day
People celebrate at the statue of Winston Churchill as Britain leaves the EU on Brexit day in London, Britain, January 31, 2020. REUTERS/Henry Nicholls

February 1, 2020

LONDON (Reuters) – British Prime Minister Boris Johnson would consider a looser trade agreement with the European Union, similar to the bloc’s ties with Australia, rather than follow EU rules to reach a closer deal, a government source said on Saturday.

“There are only two likely outcomes in negotiation – a free trade deal like Canada or a looser arrangement like Australia – and we are happy to pursue both,” the source said.

Johnson is due to give a major speech on trade on Monday, following Britain’s departure from the EU on Friday after nearly 50 years of membership.

(Reporting by Elizabeth Piper; Writing by David Milliken; Editing by Daniel Wallis)

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