BORIS Johnson says there is a “strong possibility” the UK will fail to strike a post-Brexit trade agreement with the EU.
The prime minister said “now is the time” for businesses and the public to prepare for that outcome, although talks would continue.
He added that negotiations were “not yet there at all”.
Time is fast running out to reach a deal before the UK stops following EU trade rules on 31 December.
It comes after Mr Johnson’s meeting in Brussels on Wednesday with European Commission President Ursula von der Leyen failed to make a breakthrough.
Weeks of intensive talks between officials have failed to overcome obstacles in key areas including competition rules and fishing rights.
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