Skip to content
Saturday 12 September 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,650.44
+0.39%
DAX
25,568.56
+0.82%
CAC 40
8,179.77
+0.78%
STOXX 50
6,325.13
+0.90%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Wednesday 08 January 2020 12:24 pm  |  Updated:  Wednesday 08 January 2020 3:36 pm

EU chief von der Leyen: Time too short for comprehensive post-Brexit deal by 2021

By: Harry Robertson

Add as a preferred source on Google
BRITAIN-EU-BREXIT-POLITICS
European Commission president Ursula von der Leyen delivered a keynote speech at the London School of Economics this morning

The new head of the European Commission has said there will not be enough time for the UK and European Union to reach a comprehensive trade agreement by the end of 2020, saying the two sides “must prioritise”.

However, in a broadly conciliatory speech at the London School of Economics this morning, she said the UK and EU’s post-Brexit partnership could be “unprecedented in scope”.

Read more: Boris Johnson to tell Von der Leyen trade deal must be done without extension

Von der Leyen’s address to her old university came ahead of a key meeting with Prime Minister Boris Johnson in Downing Street later today in their first head-to-head since she took the reins from Jean-Claude Juncker.

The PM will argue against an extension to the negotiating period and insist that any deal must be wrapped up by the end of the year.

Yet von der Leyen said: “Without an extension of the transition period beyond 2020, you cannot expect to agree on every single aspect of our new partnership.”

She added: “It’s not an all or nothing thing, it’s a question of priorities.” Von der Leyen and Johnson’s respective positions leave open the possibility of a bare-bones trade deal being reached by the end of 2020, which could be added to later.

Tough negotiations

Addressing the negotiations, von der Leyen warned that the more the UK diverges from the EU’s standards, the less access it will get to “the world’s largest single market”.

She said she wants a trade deal that features “zero quotas, zero tariffs, and zero [product] dumping”, but said this means the UK would have to promise to stick to the current “level playing field” agreements.

Level playing field rules ensure the UK is aligned with the EU on things like labour and environmental standards. Many in the Conservative party argue that the UK should diverge from these rules, which they see as overly onerous.

Read more

James von Moltke Joins Warburg Pincus

Yet von der Leyen said: “Whatever diverges from level playing field decreases uncomplicated access to the single market.”

The European Commission president said that security is one area in which the EU and UK must stay closely aligned.

Read more: Sajid Javid’s post-Brexit budget set for 11 March

“The threat of terrorism is real,” she said. “The nature of today’s threats means noone can deal with these challenges alone.”

The UK’s security and espionage apparatus is one of the most effective in the world, and the government will feel this is an issue it can use for leverage in the talks.

‘A new future’

Von der Leyen lamented the fact that the UK was leaving the European Union in her speech, saying that “the result of the referendum was a bitter pill to swallow”.

However, she said “the bonds between us will still be unbreakable, we will still contribute to each other’s societies”.

Read more: Boris Johnson’s Brexit bill returns to House of Commons

“It is time for the best and oldest friends to build a new future together,” she said, “and as only true friends can I want to be very honest about what lies ahead”.

“Our partnership cannot and will not be the same as it was before… it cannot and will not be as close as it was before.”

Read more

Badenoch bets on experience as Griffith and Tugendhat claim shadow cabinet top spots

Shadow business secretary Andrew Griffith has said he would make it easier for small businesses to open bank accounts. (Photo by Dan Kitwood/Getty Images)

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Markets & Economics
  • News

Categories

  • Morning Wire Content
  • Economics
  • Politics

Related Topics

  • International

Trending Articles

  • Wetherspoon boss: ‘Not up to Burnham’ to choose who is on the high street 

  • Primark sales slip as owner dresses up retailer for demerger

  • Badger Beer maker Hall & Woodhouse doubles profit ahead of tie-up with James May

  • Crystal Palace owner Blitzer part of £1bn mega stadium redevelopment

  • Barclays faces legal scrutiny over role in £90m ‘Ponzi scheme within a Ponzi scheme’

More from Morning Wire

  • James von Moltke Joins Warburg Pincus

    Business Wire
  • Badenoch bets on experience as Griffith and Tugendhat claim shadow cabinet top spots

    Politics
    Shadow business secretary Andrew Griffith has said he would make it easier for small businesses to open bank accounts. (Photo by Dan Kitwood/Getty Images)
  • Labour calls for Mayor to explore London Stadium sale to West Ham

    Sport Business
    Wide view of an empty London Stadium, home of West Ham United, with a bright blue sky visible through its open roof.
  • KBRA Releases Research – The End of the RRF: Trade Adjustment and Financing Challenge

    Business Wire
  • Burnham calls for honesty then sticks his head in the sand

    Politics
    Andy Burnham, Mayor of Greater Manchester, in a dark suit holding a red folder outside 10 Downing Street
  • Burnham pledges to tackle ‘cost of business’ as firms fear Budget tax raid

    Politics
    Andy Burnham, Mayor of Greater Manchester, drinks a pint of ale in a pub with people blurred in the background
  • KKR Expands Global Credit & Markets Platform with Senior Hires

    Business Wire
  • Londoners can no longer afford the Notting Hill Carnival

    Opinion
    Joyful reveler in vibrant feathered and jeweled costume at Notting Hill Carnival 2025, holding a pink mug.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook