Skip to content
Friday 28 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,824.26
+0.29%
DAX
26,569.99
+0.77%
CAC 40
8,401.18
+0.98%
STOXX 50
6,485.67
+0.95%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Sunday 06 December 2020 11:24 am  |  Updated:  Sunday 06 December 2020 2:34 pm

Eustice: UK has three days to close Brexit deal after talks have gone ‘backwards’

By: Stefan Boscia

Add as a preferred source on Google
British Prime Minister Boris Johnson Holds Cabinet Meeting
Environment secretary George Eustice, arrives at Downing Street on November 10, 2020

Brexit trade talks went “backwards” last week and there are only a few days left to decide if a deal can be struck, according to the UK’s environment secretary.

George Eustice said today that the UK will definitively have to walk away from talks in three days if the UK and EU can’t “resolve these quite fundamental divergences of the moment” on fisheries access to British waters.

UK chief negotiator Lord David Frost is in Brussels today to restart Brexit talks with EU negotiator Michel Barnier, after Prime Minister Boris Johnson and European Commissioner Urusula von der Leyen spoke for an hour last night.

In a joint statement the pair said “significant differences” remained over fisheries, business subsidy regulations and the overall governance of the deal.

A senior UK source close to Frost told the Telegraph it was a “final throw of the dice”.

Johnson and von der Leyen are slated to speak again tomorrow night.

Speaking to the BBC today, Eustice said: “There’s no denying the end of last week was quite a setback.

“The European Union came forward with lots of new additional request again so we stated again last week as hopeful and there’s no denying things have gone backwards later last week.

“Of course if the ambience warms up again and great progress is made and it’s just sorting out the detail then you could always find more time, you could always extend.”

Read more

Revolut founder’s wealth set to balloon amid talks of share award at $500bn valuation

Revolut CEO Nik Storonsky speaking at a business conference, wearing a suit and tie, addressing financial innovation.

French demands over fisheries access to UK waters is now seen as the largest barrier to a post-Brexit trade deal, with Emmanuel Macron reportedly prepared to veto the deal.

Barnier is asking for EU countries to maintain access to 80 per cent of the value of fish in British waters that they had pre-Brexit.

The UK’s latest offer to Brussels is reportedly for them keep as little as 20 per cent – a figure turned down by Barnier.

“We can’t be the only country in the world that doesn’t control its own waters,” Eustice said.

“International law is very clear that you should control and manage your waters out to two miles and we want to be able to to do that like Norway or any other normal country.”

A senior Number 10 figure told The Times last night that the chances of a deal were now “50-50” and thirteen cabinet ministers told the paper that they supported a no-deal Brexit if need be.

The European Research Group of Tory Brexit hardliners also issued a statement last night in support of the Prime Minister.

“[We] the fullest confidence in David Frost and the British negotiating team”, it said.

“We have nothing to fear from freedom.”

Read more

Oil price falls but Trump and Iran clash on negotiations claim

Donald Trump smiling in a blue suit and tie with an American flag pin, US flag in background

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Related Topics

  • Brexit

Trending Articles

  • Pensioners to hand over bank statements in government benefits crackdown

  • Jamie Carragher: HMRC petitions for Sky Sports star to be declared bankrupt

  • Brewdog founder James Watt hits out at ‘total silence’ over new venture

  • Lloyds Bank and Halifax users unable to use app in latest outage

  • Economists urge Bank of England to halt bond sales as borrowing costs climb

More from Morning Wire

  • Revolut founder’s wealth set to balloon amid talks of share award at $500bn valuation

    Fintech
    Revolut CEO Nik Storonsky speaking at a business conference, wearing a suit and tie, addressing financial innovation.
  • Oil price falls but Trump and Iran clash on negotiations claim

    Markets
    Donald Trump smiling in a blue suit and tie with an American flag pin, US flag in background
  • Graduate jobs market slumps to new low

    Economics
    Three graduates in black caps with purple tassels and purple academic gowns from behind.
  • As it happened: Stocks rise as oil fluctuates after Red Sea attack; US-Iran deal ‘being circulated’

    FTSE 100 Live
    Donald Trump delivering a speech at a podium during a formal event, emphasizing key points to an attentive audience.
  • As it happened: Antofagasta leads FTSE 100 rally; oil falls as US-Iran deal ‘close’

    FTSE 100 Live
    FTSE 100 stocks rise as Brent crude oil prices jump 1.8% to $104.98 amid Strait of Hormuz tensions and Trumps Iran stance
  • As it happened: Oil prices tumble as Bessent says US-Iran deal imminent; miner stocks rally

    Markets
    Scott Bessent, a man with gray hair and glasses, wearing a blue suit and striped tie, looking to the side.
  • As it happened: UK stocks cool after Astrazeneca drags; Trump and Iran clash over peace talks

    FTSE 100 Live
    Donald Trump speaking at a desk, gesturing with hands, wearing a dark suit and red tie.
  • Astrazeneca explores $400bn megadeal with US rival 

    Markets
    AstraZeneca building exterior with logo, glass facade, UK flag, and wildflowers in foreground.
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